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Diamond Giants Up Production in Q3 2013

Diamond Investing

Rapaport said in its weekly report that several large diamond companies, including ALROSA (MCX:ALNU), De Beers, Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) and Dominion Diamond Corp. (TSX:DDC,NYSE:DDC), saw production increases in the third quarter of this year despite the fact that manufacturers have been refusing goods.

Rapaport said in its weekly report that several large diamond companies, including ALROSA (MCX:ALNU), De Beers, Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) and Dominion Diamond Corp. (TSX:DDC,NYSE:DDC), saw production increases in the third quarter of this year despite the fact that manufacturers have been refusing goods.

As quoted in the market news:

The combined production of these companies rose 17 percent during the third quarter compared to the previous year and was up 10 percent during the first nine months of the year.

Click here to read the full Rapaport report.

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