Investor Presentaiton
De Beers: world leader in diamonds
Best-in-class business...
Mining EBITDA margin¹
50%
Trading margin (typical level)²
-7%
...focused on consumers
Global Diamond Jewellery Demand³
%
USA
55
China
10
• India
6
• Japan
Gulf
5
4
Rest of world
20
Self purchases
Growing Gen Z5
LGD discount continues6
-44% ~18%
~76%
of 2022 demand
of US demand in 2022
discount to natural
1. Represents an average underlying EBITDA margin for the mining business from 2021-H1 2023. It excludes the impact of the sale of non-equity product by De Beers.
2. Typical level for trading margin. H1 2023 margin of 2% reflects the softening in demand for rough diamonds and the impact of the drop in price on the trading stock held in the midstream.
3. De Beers Strategy Insights and Analytics based on 2022 data - global natural diamond jewellery demand.
4. De Beers commissioned US Consumer Study 2023, % of volume demand (pieces of diamond jewellery) in 2022.
5. De Beers commissioned US Consumer Study 2023, % of value demand (US$) in 2022.
6. LGD discount continues, at wholesale and retail, for all sizes and qualities, online and offline, vs natural diamond equivalent product
7. Estimate using online prices for 1ct of all colours and clarities as of June 2023. Lab Grown Diamonds (LGD) continue to see significant price reductions at the retail level differentiating the product from natural diamonds.
Anglo American
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