De Beers‘ seventh rough diamond sales cycle of 2022 raked in $630 million – an increase of 21% year-on-year. During its 6th Sight, De Beers made $638 million – up 23% year-on-year, IDEX Online reports.
Bruce Cleaver, CEO, De Beers Group, said: “Rough diamond sales continued at a steady level in the seventh sales cycle of 2022. In line with normal seasonal trends, we anticipate that sales in the next few cycles will be affected by the temporary closure of polishing factories for the Diwali holidays.”
According to Rough & Polished, due to “ongoing restrictions on the movement of people and products in various jurisdictions around the globe,” De Beers kept up its flexible approach during the sale, extending it beyond the normal week-long duration.
