Diamond auction sales increased by 20% in 2022
According to the preliminary results of the last of the ten rough diamond auction sessions it organizes each year, the mining company De Beers says that for the tenth stage, the subsidiary of the British mining holding company Anglo American sold for 410 million USD of gemstones against 336 million USD at the same period in 2021.
“Demand for our rough diamonds during the last sales cycle of 2022 was in line with expectations, ahead of the normal seasonal closure of polishing factories in southern Africa over the Christmas period,” said the CEO of De Beers, Bruce Cleaver, to explain the ~10% decline from Cycle 9.
According to the calculations of certain specialists, including the Ecofin Agency, this result brings the annual turnover of this series of events to 5.78 billion USD, an increase of approximately 20% compared to the 4.82 billion recorded. in 2021.
This year (2022), the company has been able to count on an increase in its diamond production, from 24.6 million carats for the first nine months of 2021 to 26.5 million carats for the same period in 2022, as well as than on rising stone prices.
It should also be remembered that De Beers operates diamond mines in three southern African countries, including Botswana where the auction sessions are organized and in Canada.
