CAPITAL MARKETS

De Beers' profit up 17.5%

DIAMOND giant De Beers lifted profit by 17.5% to US$676 million in the year to December 31 thanks largely to a 7% rise in diamond sales to US$5.5 billion.

Tim Treadgold
De Beers' profit up 17.5%

The sales result eclipsed most analyst forecasts and underlined the strong demand conditions currently being experienced in the world diamond market. However, the profit was slightly less than forecast....

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