{"id":36735,"date":"2023-10-19T06:46:11","date_gmt":"2023-10-19T06:46:11","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/?p=36735"},"modified":"2023-10-19T05:21:23","modified_gmt":"2023-10-19T05:21:23","slug":"de-beers-rough-sales-surge-to-200m","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m","title":{"rendered":"De Beers\u2019 Rough Sales Surge to $200m"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Rough diamond sales from De Beers\u2019 eighth sales cycle of 2023 reached a substantial $200 million, Anglo American has announced.<\/b><\/p>\n

According to the parent company of De Beers, this provisional figure \u2013 covering the period from September 18 to October 3 \u2013 underscores the dynamic nature of the diamond industry and hints at significant shifts in the market.<\/p>\n

Shedding light on the company\u2019s strategic approach, the CEO of De Beers, Al Cook, emphasised the adjustment of rough diamond availability to facilitate the midstream\u2019s efforts to rebalance areas of stock accumulation.<\/p>\n

Supply and demand equilibrium<\/p>\n

Cook stated that De Beers is committed to assisting its valued sightholders in re-establishing equilibrium between wholesale supply and demand.<\/p>\n

To achieve this goal, De Beers will be taking several measures in the coming months.<\/p>\n

Firstly, the company will provide full flexibility for rough diamond allocations in Sights 9 and 10 of 2023, offering crucial support to its sightholders.<\/p>\n

Furthermore, it will suspend De Beers Group\u2019s online rough diamond auctions for the remainder of 2023.<\/p>\n

Natural diamond marketing<\/p>\n

Finally, the company plans to invest an additional $20 million in natural diamond marketing, aiming to stimulate consumer demand during the upcoming holiday season.<\/p>\n

De Beers, a multifaceted multinational corporation engaged in various aspects of the diamond industry, employs two primary avenues for the sale of its rough diamonds: Global Sightholder Sales and Auctions.<\/p>\n

The former accounts for approximately 90 percent of the De Beers Group\u2019s rough diamond sales by value. It involves the allocation of term contracts to distinguished clients known as Sightholders, who evaluate their assigned rough diamond allocations during events referred to as sights.<\/p>\n

10 times annually<\/p>\n

These events, held across Botswana, Namibia and South Africa, play a pivotal role in shaping the industry\u2019s trajectory.<\/p>\n

The rough diamonds available at these sights are sourced from De Beers\u2019 owned and joint venture operations, as well as mines adhering to the Responsible Jewellery Council Code of Practices and the Best Practice Principles.<\/p>\n

De Beers Group\u2019s global presence extends across 35 countries, with the lion\u2019s share of its earnings, approximately 75 percent, originating from its activities in Botswana.<\/p>\n

20,000 strong workforce<\/p>\n

Anglo American holds an 85 percent stake in De Beers, making it the primary owner, while the Government of Botswana retains the remaining 15 percent.<\/p>\n

The expansive De Beers workforce comprises over 20,000 individuals spread across 28 countries, including those where the company conducts diamond recovery operations \u2013 Botswana, Canada, South Africa and Namibia.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. Rough diamond sales from De Beers\u2019 eighth sales cycle of 2023 reached a substantial $200 million, Anglo American has announced. According to the parent company of De Beers, this provisional figure \u2013 covering the period from September 18 to October 3 \u2013 underscores the dynamic nature of the diamond industry and hints […]<\/p>\n","protected":false},"author":84,"featured_media":36734,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[233,237,234],"class_list":["post-36735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nDe Beers\u2019 Rough Sales Surge to $200m - Botswana<\/title>\n<meta name=\"description\" content=\"Rough diamond sales from De Beers\u2019 eighth sales cycle of 2023 reached a substantial $200 million, Anglo American has ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"De Beers\u2019 Rough Sales Surge to $200m\" \/>\n<meta property=\"og:description\" content=\"Rough diamond sales from De Beers\u2019 eighth sales cycle of 2023 reached a substantial $200 million, Anglo American has ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-19T06:46:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/10\/sm_1697680139.00538.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1120\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"De Beers\u2019 Rough Sales Surge to $200m\",\"datePublished\":\"2023-10-19T06:46:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m\"},\"wordCount\":412,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/10\/sm_1697680139.00538.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m\",\"name\":\"De Beers\u2019 Rough Sales Surge to $200m - Botswana\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/10\/sm_1697680139.00538.jpg\",\"datePublished\":\"2023-10-19T06:46:11+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Rough diamond sales from De Beers\u2019 eighth sales cycle of 2023 reached a substantial $200 million, Anglo American has ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/10\/sm_1697680139.00538.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/10\/sm_1697680139.00538.jpg\",\"width\":1120,\"height\":630,\"caption\":\"De Beers\u2019 Rough Sales Surge to $200m\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/botswana\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"De Beers\u2019 Rough Sales Surge to $200m\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#website\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/\",\"name\":\"Botswana\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/botswana\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"De Beers\u2019 Rough Sales Surge to $200m - Botswana","description":"Rough diamond sales from De Beers\u2019 eighth sales cycle of 2023 reached a substantial $200 million, Anglo American has ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m","og_locale":"en_US","og_type":"article","og_title":"De Beers\u2019 Rough Sales Surge to $200m","og_description":"Rough diamond sales from De Beers\u2019 eighth sales cycle of 2023 reached a substantial $200 million, Anglo American has ...","og_url":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m","og_site_name":"Botswana","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-10-19T06:46:11+00:00","og_image":[{"width":1120,"height":630,"url":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/10\/sm_1697680139.00538.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"De Beers\u2019 Rough Sales Surge to $200m","datePublished":"2023-10-19T06:46:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m"},"wordCount":412,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/10\/sm_1697680139.00538.jpg","keywords":["Africa Press","Africa Press-Botswana","Botswana"],"articleSection":["all news","economy","head lines"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m","url":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m","name":"De Beers\u2019 Rough Sales Surge to $200m - Botswana","isPartOf":{"@id":"https:\/\/www.africa-press.net\/botswana\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/10\/sm_1697680139.00538.jpg","datePublished":"2023-10-19T06:46:11+00:00","author":{"@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Rough diamond sales from De Beers\u2019 eighth sales cycle of 2023 reached a substantial $200 million, Anglo American has ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m#primaryimage","url":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/10\/sm_1697680139.00538.jpg","contentUrl":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/10\/sm_1697680139.00538.jpg","width":1120,"height":630,"caption":"De Beers\u2019 Rough Sales Surge to $200m"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-rough-sales-surge-to-200m#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/botswana\/"},{"@type":"ListItem","position":2,"name":"De Beers\u2019 Rough Sales Surge to $200m"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/botswana\/#website","url":"https:\/\/www.africa-press.net\/botswana\/","name":"Botswana","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/botswana\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/posts\/36735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/comments?post=36735"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/posts\/36735\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/media\/36734"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/media?parent=36735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/categories?post=36735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/tags?post=36735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}