De Beers Team right now introduced the price of rough diamond revenue (World sightholder sales and auctions) for the fifth income cycle of 2022 stands provisionally at $650m (£530m).

This is up from $604m (£493m) in the fourth cycle, and $477m (£389m) in the fifth cycle of 2021.

Owing to the “restrictions on the movement of persons and items in different jurisdictions close to the globe”, De Beers Group has continued to put into practice a additional flexible technique to tough diamond revenue for the duration of the fifth income cycle of 2022, with the Sight event prolonged further than its typical week- prolonged period.

As a final result, the provisional rough diamond revenue determine quoted for Cycle 5 signifies the
anticipated income price for the period 6 June to 21 June and stays subject to adjustment centered on remaining done income.

Bruce Cleaver, CEO, De Beers Group, reported: “Diamond jewelry demand from customers proceeds to conduct very well in the crucial US market place, and this was bolstered by positive sentiment pursuing the influential JCK Las Vegas jewelry trade demonstrate held in mid-June.

“The ongoing strength of US need for diamond jewelry and the gradual reopening of retail stores in China pursuing Covid-19-related lockdowns have supported the profits momentum of De Beers Group’s tough diamonds in the fifth sales cycle of the calendar year.”