De Beers’ Q1 Production Totals 7.532 Million Carats

Rapaport reported that according to Anglo American plc (LSE:AAL), during the first quarter of 2014, De Beers’ production came to 7.532 million carats, an 18-percent increase from the year-ago quarter.

As quoted in the market news:

The increase was largely due to easy comparisons since one year ago production was impacted by plant maintenance at the Orapa mine in Botswana and the ongoing recovery of a slope failure at the Jwaneng mine.  This quarter, production at Orapa increased 54 percent year on year to 3.204 million carats, while production at Jwaneng rose 4 percent to 2.376 million carats.

Nonetheless, the company noted that mines across South Africa were disturbed this time by heavy rainfall, resulting in lower production compared with

Click here to read the full Rapaport report.