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Last updateThu, 22 Feb 2018 4pm

Bloomberg reports De Beers mining most diamonds since 2008

debeers

De Beers mined more diamonds last year than any time since the global financial crisis of 2008. 

The company, a unit of Anglo American Plc, mined 33.5 million carats in 2017. That’s a 22 percent jump from a year earlier, beating its own target. Production was boosted by its new Gahcho Kue mine in Canada and better market conditions.

Still, it hasn’t necessarily been a bumper year for gems. Diamond sales at De Beers totaled $5.3 billion last year, compared with $5.6 billion in 2016, even though production was higher. That’s because the average selling price fell 13 percent last year to $162 a carat.

Read the all the details at https://www.bloomberg.com/news/articles/2018-01-25/de-beers-is-digging-up-more-diamonds-than-any-time-since-2008

 


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