De Beers Diamond Sales Up 27%

Bloomberg reported De Beers said its sale of diamonds rose 27% on increased demand from the US, India and China.

As quoted in the market news:

Sales of unpolished and uncut diamonds by Diamond Trading Co., De Beers’ trading arm, rose to $6.5 billion from $5.1 billion a year earlier, the Johannesburg-based company said today in a statement. Average prices increased 29 percent during the year, pushing net income to $939 million from $546 million. Output declined 5.2 percent to 31.3 million carats.

Click here to read the full Bloomberg report.