OTHER

De Beers rough diamond sales fall

Seventh sales cycle the lowest for the year so far

Staff reporter

This article is 7 years old. Images might not display.

The value from the global sightholder and auction sales dropped 5.5% from the previous cycle's $533 million and was slightly lower than the $507 million made in the seventh cycle of 2017.

It was also the lowest sales cycle volume since the tenth and last cycle of 2017, which totalled $455 million.

CEO Bruce Cleaver chalked the lower value up to the fact that some smaller, lower value rough diamonds had been sold.

"Demand remains stable ahead of the September Hong Kong Jewellery & Gem Fair," he said.  

In the first six cycles of the year, De Beers sold a combined $3.4 billion worth of rough diamonds, with the total now at a provisional $3.9 billion for the year.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.