South African Diamond Production Takes Steep Fall in May

The South African government reported that in May, the country’s diamond production was down 19.7 percent compared to the previous year.

As quoted in the statistics release:

Mining production decreased by 0,7% year-on-year in May 2013. The largest negative growth rates were recorded for ‘other’ metallic minerals (-32,3%), diamonds (-19,7%) and gold (-14,6%). The main contributor to the 0,7% decrease was gold (contributing -2,4 percentage points). Manganese ore (contributing 1,5 percentage points) was a significant positive contributor.

Click here to read the full report from the South African government.