De Beers Sales Drop 14 Percent

Forbes reported De Beers Group reported a 14 percent drop in overall diamond sales and a similar fall in rough diamond sales for the first six months of the year.

As quoted in the market news:

The diamond mining and sales company said total sales decreased 14 percent to $3.3 billion for the first six months of 2012, compared with $3.9 billion in the first half of 2011. Sales of rough diamonds by the Diamond Trading Company, the rough diamond distribution arm of De Beers, in H1 2012 were $3.1 billion (including those through joint ventures).

Click here to read the full Forbes report.