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De Beers’ sales sink to COVID era lows

Friday, November 10, 2023 | 930 Views |

Under pressure: Jwaneng Mine is amongst the most productive in the De Beers group

De Beers’ latest sale of rough diamonds, held in Gaborone, netted a provisional $80 million, the lowest amount since April 2020 when demand and prices crashed due to COVID-19.

De Beers sells 90% of its production by value to an exclusive list of contract buyers known as sightholders, who are offered stones at 10 sales events or 'sights' held in Gaborone each year.

“Macro-economic challenges continue to affect the diamond sector,” De Beers CEO, Al Cook said on Wednesday in announcing the latest sales results.

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De Beers’ sales sink to COVID era lows

De Beers’ latest sale of rough diamonds, held in Gaborone, netted a provisional $80 million, the lowest amount since April 2020 when demand and prices crashed due to COVID-19.

Human rights are sacred

Bakgatla Ba Kgafela celebrate as Kgosi Kgafela’s charges are dropped

First Lady's office hosts second annual thanks giving ceremony

PSLE performance on upward trend

Bona Life tee-off Maruapula Loxion Golf journey

Cops arrest young man, seize dagga in Metsimotlhabe

Second Mogoditshane rape attack in two weeks

Suspected suicide behind Sir Seretse Khama Barracks

Human rights are sacred