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De Beers’ sales soften to $450m

Monday, February 06, 2023 | 210 Views |

Digging deep: Debswana's mines contribute about two-thirds of De Beers' production

De Beers sold an estimated $450 million (P5.8bn) of rough diamonds in its first auction of the year, about 32% down from the values sold at the corresponding auction last year.

Preliminary receipts from the first auction this year, held in Gaborone were, however, higher than the $417 million seen from the last auction of 2022.

Outgoing CEO, Bruce Cleaver said sightholders, the exclusive list of buyers contracted for De Beers’ auctions, had adopted a cautious approach late last year in planning their 2023 purchases.

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De Beers’ sales soften to $450m

De Beers sold an estimated $450 million (P5.8bn) of rough diamonds in its first auction of the year, about 32% down from the values sold at the corresponding auction last year.

Athletics likely to go solo at Olympics

Amidst BFA fights, Sebego raises hand for presidency

Chiefs puzzled by docking of points

Fitness trainer, Zongwane breaks barriers

Khawa dangles largest payout

Ex-badminton official maintains innocence

Kwa Nokeng Oil sponsors young biker with P120,000

Kwa Nokeng Oil sponsors young biker with P120,000

Routine child vaccination imperative