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How De Beers (May Have) Bounced Back

Share No one will say that 2020 was a good year for the diamond industry or the world. But for De Beers, at least, 2021 is starting on an upbeat note. The company could use it. Its recent financial results are almost a sea of down arrows: Total sales decreased by 27% to $3.4 billion, with rough diamond sales falling 30% to $2.8 billion. De Beers produced 18% less diamonds last year. Underlying EBITDA (earnings before interest, taxes, depreciation, and amortization) decreased by 25% to $417 million. That EBIDTA number is particularly interesting in that it was almost all generated in the second half of the year when those earnings hit $415 million. In the first half, the number was a far less $2 million.

United statesCity ofUnited kingdomBruce cleaverJewellery councilGlobal servicesDe beersChinese new yearResponsible jewelleryஒன்றுபட்டது மாநிலங்களில்நகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்காயங்கள் கிளீவர்அணிகலன்கள் சபைஉலகளாவிய சேவைகள்டி பியர்ஸ்

De Beers sales rise to level not seen for three years - Jeweller Magazine: Jewellery News and Trends

Despite a decrease in rough diamond prices, De Beers has announced $US650 million ($AU854 million) in provisional sales for its first reporting period of the year.

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De Beers diamonds sparkling in early 2021 thanks to Valentines, Chinese New Year

De Beers diamonds sparkling in early 2021 thanks to Valentines, Chinese New Year
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United statesSouth eastBruce cleaverDe beersChinese new yearChief executiveAnglo americanஒன்றுபட்டது மாநிலங்களில்தெற்கு கிழக்குகாயங்கள் கிளீவர்டி பியர்ஸ்சீன புதியது ஆண்டுதலைமை நிர்வாகிஆங்கிலோ அமெரிக்கன்

De Beers encouraged by diamond demand, as first sale of 2021 comes in 18% above pre-pandemic

De Beers âencouragedâ by diamond demand, as first sale of 2021 comes in 18% above pre-pandemic Business Insider SA facebook (Unsplash) At its first sale of the year, De Beers sold rough diamonds worth 18% more than the value achieved at the same sale in 2020, before the pandemic. Its booked sales amount to about R9.7 billion, as the diamond value chain restocked again. The company is still cautious, but encouraged by demand conditions . Demand for luxuries collapsed at times during 2020, but generally rebounded. As of Tuesday it had sold $650 million worth of rough diamonds in its first sales cycle of the year, De Beers said on Wednesday.

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De Beers Sales Highest Since 2018

Rough Market04/02/2021 14:29 In January De Beers’ rough diamond sales reached $650 million, the highest monthly total since 2018. This was in part due to manufacturers replenishing their stock following the holiday season. Despite the company s recent price increase in rough diamonds, revenue is up 18% y-o-y, and 44% above the $452 million it reported in December 2020. These figures comprise of the sales that took place in January till February 2, as well as at the sight and auctions. The sight was held in Botswana and hosted viewings in Antwerp and Dubai due to travel limitations. Last month De Beers announced a price hike of 4 to 5% in response to the improving balance between supply and demand.

United arab emiratesBruce cleaverDe beersJanuary de beerChinese new yearஒன்றுபட்டது அரபு அமீரகங்கள்காயங்கள் கிளீவர்டி பியர்ஸ்ஜனவரி டி பீர்சீன புதியது ஆண்டு