De Beers' Cycle 7 Sale up to $630m

By John Jeffay / August 31, 2022 / www.idexonline.com / Article Link

(IDEX Online) - De Beers today reported a robust performance at cycle 7, with sales (provisional) of $630m, up more than 21 per cent year-on-year.Actual sales at sight 6, announced at the end of July, were $638m, up 23 per cent on the same period in 2021.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."Alrosa, the sanctioned Russian miner, has not published sales figures since the February invasion of Ukraine, but is reportedly selling around $250m of a rough a month, mostly in rupees to circumvent US dollar restrictions.

Recent News

Gold stocks pause along with metal price

September 07, 2026 / www.canadianminingreport.com

Canadian mining exploration expenditure expected to jump in 2026

September 07, 2026 / www.canadianminingreport.com

Gold stocks pull back after historical surge

August 31, 2026 / www.canadianminingreport.com

Inflows to gold sector jump, but for other metals muted

August 31, 2026 / www.canadianminingreport.com

TSX, TSXV mining equity investment still rising significantly in 2026

August 24, 2026 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok