Industry News by Nemesis

De Beers Announces 2020 Sight Schedule

November 21, 2019

 

De Beers has released the dates of the 10 sights it will hold in Gaborone, Botswana, next year. The miner sells around 90% of its rough at those sales, with the rest available at auctions.

The January sight will be the first in De Beers’ new intention-to-offer (ITO) period, which is switching to a calendar-year format. Prospective long-term buyers, or sightholders, tell De Beers how much rough they will require during the period — their “intention to offer” — with the miner subsequently informing them how much they will receive.

The company also announced auction dates for the first five sales cycles of 2020.

Sight dates

 

  • Sight 1: January 20 to 24
     

  • Sight 2: February 24 to 28
     

  • Sight 3: March 30 to April 3
     

  • Sight 4: May 4 to 8
     

  • Sight 5: June 15 to 19
     

  • Sight 6: July 27 to 31
     

  • Sight 7: August 24 to 28
     

  • Sight 8: September 21 to 25
     

  • Sight 9: November 2 to 6
     

  • Sight 10: December 7 to 11


Auction dates

  • Cycle 1: January 2, 14 and 15
     

  • Cycle 2: February 6, 19 and 20
     

  • Cycle 3: March 12, 18 and 19
     

  • Cycle 4: April 16, 22 and 23
     

  • Cycle 5: May 21; June 3 and 4


Image: De Beers’ Orapa mine in Botswana. (Ben Perry/Armoury Films/De Beers)

 

Source: Rapaport

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