De Beers Increases Production Guidance Amid Robust Demand

By John Jeffay / July 24, 2022 / www.idexonline.com / Article Link

(IDEX Online) - De Beers has increased its production guidance for 2022 - from 30-33Mct to 32-34Mct - citing "robust demand and strong year-to-date operational performance".Sanctions against Alrosa, its biggest rival, have led to global shortages of rough. Last month De Beers reported $650m of rough sales at its fifth sales cycle of 2022, up over a third year-on-year. It reportedly hiked the price of smaller goods - traditionally an Alrosa staple - by up to seven per cent.Rough diamond production fell by four per cent during the three months ending 30 June, reflecting lower grades in Canada and Botswana, parent company Anglo American said in its latest production report.De Beers output in Q2 2022 was 7.9Mct, down from 8.2Mct in Q2c 2021. In the six months to 30 June production was 16.9Mct, up 10 per cent on 15.4Mct in H1 2022.Pic courtesy De Beers

Recent News

Gold stocks weaker but outperform slump in other sectors

October 13, 2025 / www.canadianminingreport.com

West Africa-focussed Robex and PDI to merge

October 13, 2025 / www.canadianminingreport.com

Gold stocks outperform equity market gains

October 06, 2025 / www.canadianminingreport.com

Most major producers rise but TSXV gold mixed

October 06, 2025 / www.canadianminingreport.com

Platinum, palladium, copper gain on green China, supply constraints

September 29, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok