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De Beers Spent $43.4 Million on Gem Exploration
Mar. 02, 2011 08:50AM PST
Gem Investing
Bloomberg reported that Anglo’s De Beers invested $43.4 million on exploration for gems in 2010.
Bloomberg reported that Anglo’s De Beers invested $43.4 million on exploration for gems in 2010.
The market news is quoted as saying:
De Beers reported record 2010 earnings before interest, tax, depreciation and amortization of $1.4 billion after a 57 percent surge in its trading arm’s sales to $5.08 billion as global demand for diamonds recovered from a recession in some of the world’s largest economies.