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      De Beers rough diamond production spikes in line with strong level of demand

      During Q4 2021, De Beers' rough diamond production increased by 15 percent to 7.7 million carats, reflecting planned higher production of rough diamonds to meet continued strong levels of demand, mother company Anglo American announced.

      mm by Kitso Dickson
      January 28, 2022
      in News
      Reading Time: 1 min read
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      De Beers rough diamond production spikes in line with strong level of demand

      This group of type IIa rough diamonds ranges from almost 14 ct to 91.07 ct. Such diamonds make Letšeng a feasible mining proposition.

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      The conglomerate says demand for rough diamonds remained robust, with positive midstream sentiment and strong demand for diamond jewellery continuing over the holiday period, particularly in the key US consumer market. Rough diamond sales totalled 7.7 million carats (7.2 million carats on a consolidated basis) from three Sights, compared with 6.9 million carats (6.4 million carats on a consolidated basis) from two Sights in Q4 2020, and 7.8 million carats (7.0 million carats on a consolidated basis) from two Sights in Q3 2021, the miner elaborated.

      In Botswana, production increased by 23 percent to 5.2 million carats primarily as a result of the planned treatment of higher grade ore at Jwaneng, partly offset by lower production at Orapa due to the planned closure of Plant 1 in late 2020. Namibia production increased by 16 percent to 0.4 million carats reflecting a reduction in the scheduled maintenance time for the marine fleet. South Africa production was in line with the prior year at 1.3 million carats, as planned plant maintenance in Q4 2021 was offset by processing of higher grade ore. Production in Canada was broadly flat. Production guidance for 2022 is 30–33 million carats (100 percent basis), subject to trading conditions and the extent of further Covid-19 related disruptions.

      Tags: Anglo AmericanDe Beers

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