De Beers Diamond Sales Up 33 Percent

Forbes reports De Beers Group says that high prices and strong demand has resulted in a record for rough diamond sales.

The market news is quoted as saying,

Sales of rough diamonds during the first half of 2011 by the Diamond Trading Company (the rough diamond distribution arm of the De Beers) increased 33 percent, year-over-year, to $3.5 billion This is the highest ever sales figure recorded for the first half of the year, buoyed by continued retail demand from the Indian and Chinese consumer markets and stronger than expected demand in America, De Beers said in its earnings report.

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