De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the second sales cycle of 2022. Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, De Beers Group has continued to implement a more flexible approach to rough diamond sales during the second sales cycle of 2022, with the Sight event extended beyond its normal week-long duration.

As a result, the provisional rough diamond sales figure quoted for Cycle 2 represents the expected sales value for the period 21 February to 8 March and remains subject to adjustment based on final completed sales. Cycle 2 2022 (provisional)1 Cycle 1 2022 (actual)2 Cycle 2 2021 (actual) Sales value3($m) 650 660 550 Notes to this table are shown at the bottom of this page.

Bruce Cleaver, CEO, De Beers Group, said “The second sales cycle of the year saw the continuation of robust rough diamond demand underpinned by sustained positive consumer sentiment. “We have been shocked and saddened by the war in Ukraine, and our hearts go out to the Ukrainian people. De Beers will donate US$ 1 million to aid organisations that are operating in the region and providing support to those affected by the war.”