De Beers: Rough diamond sales up 33%

2011-07-26 09:30

De Beers reports record sales of rough diamonds for the first half of 2011 with price increases of 33% pushed by growing demand in China and India and unexpectedly strong sales in the United States.

The world’s third largest producer of unpolished diamonds reported Tuesday that it mined 15.5 million carats between January and June with sales climbing to $3.49 billion compared to 15.4 million carats mined and sales of $2.63 billion for the same period last year.

The “exceptional price growth” indicated a continuing upswing following a disastrous 2008 when diamond prices plummeted amid the recession and De Beers put a hold on output from its mines in South Africa, Namibia, Botswana and Canada.


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