De Beers unfazed by diamond sales decline
By GIFT NDOLWANE
JOHANNESBURG, (CAJ News) – THE De Beers Group of Companies is undeterred by a drop in diamond revenues during the second sale of the year.
Sales during the period were US$545 million (provisional), down from $729 million the last sale.
On a year-on-year basis, sales fell from $617 million.
Bruce Cleaver, Chief Executive Officer, De Beers Group, remains upbeat, saying this was in line with expectations.
“We continued to see good demand across our product range in the second sales cycle, which was in line with expectations at this time of year,” he said.
“Sentiment remains positive heading into the Hong Kong International Jewellery Show this week – an important barometer of trade confidence,” Cleaver added.
A member of the Anglo American plc group, De Beers is the world’s largest diamond producer by value, with mining operations in Botswana, Canada, Namibia and South Africa.
– CAJ News
Short URL: http://cajnewsafrica.com/?p=18409