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De Beers beats energy challenges
July 23, 2008

Johannesburg - Diamond miner De Beers said it had seen solid earnings growth on the back of increasing sales across the business, as it announced its interim results on Wednesday.

In spite of energy challenges in southern Africa, carat production at 24.2 million was only marginally behind that of 2007.


Sales of rough diamonds in the first half (including those through joint ventures) were $3.3 billion, 10 percent higher than in the first half of 2007, "as demand from our clients has enabled the Diamond Trading Company to steadily increase prices during the period". - Sapa
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