De Beers sees another year of growth [View All]

[dArKeR]

World number-one rough diamond miner De Beers sees a third consecutive year of earnings growth in 2004 on the back of good global growth, De Beers MD Gary Ralfe said on Thursday.

The key countries where De Beers sees growth are the major diamond consuming markets of the United States and Japan as well as major developing markets such as China and India.

During 2004 De Beers sees a 7% increase in its diamond output, after increasing output by 9% in 2003 from 2002.

Demand for rough diamonds continued to be strong in January, and as a result the Diamond Trading Company (DTC) increased its rough diamond prices at the first site of the year by 3%, after increasing prices by a total of 10% in 2003.

http://www.mg.co.za/Content/l3.asp?ao=30698

Who's got money to buy a diamond?