28 April 2026
Operational Performance
Rough diamond production increased by 17% to 7.1 million carats, primarily driven by planned ore release from Gahcho Kué in Canada and higher volumes from Venetia underground.
In Botswana, production increased by 5% to 4.8 million carats, as a result of higher recovered grade at Orapa. Jwaneng production was broadly consistent with the comparative period.
Namibia's production decreased by 12% to 0.6 million carats, due to scheduled maintenance on two vessels at Debmarine Namibia along with the impact of decommissioning two vessels in 2025.
In South Africa, production at Venetia increased by 53% reaching 0.7 million carats, largely as a result of processing higher volumes of underground ore.
In Canada, production increased to 1.0 million carats, reflecting the planned ore release in Gahcho Kué from a new area of the mine.
Trading Performance
Rough diamond trading conditions continued to be challenged due to ongoing industry, geopolitical and tariff headwinds.
Rough diamond sales in Q1 2026 totalled 7.7 million carats (6.4 million carats on a consolidated basis)(1) from two Sights, generating consolidated rough diamond sales revenue of $648 million. This compares with two Sights in Q1 2025 of 4.7 million carats (4.2 million carats on a consolidated basis)(1), generating $520 million of consolidated rough diamond sales revenue.
The consolidated average realised price declined by 19% to $101/carat, primarily driven by a 17% decrease in the average rough price index (which is now reported including the impact of the stock rebalancing actions) as well as a sales mix with a higher proportion of lower value goods.
Anglo American is committed to divesting De Beers and we continue to progress a formal sale process and expect to provide an update through the course of 2026.