[miningmx.com] – THE diamond market could grow faster than expected increasing to 4% from previous expectations of 3% to 3.5%, said BDLive citing the comments of De Beers CEO, Philippe Mellier.
Speaking at De Beers’ year-end results, in which it doubled operating profit to $1bn in the year to December, Mellier said the group had lifted its prices in its first sight of the year in which it sells goods to sightholders.
BDLive said De Beers was planning for rough diamond production of between 31 million and 32 million carats this year after producing 31.2 million carats last year. “We are looking at producing about the same number of carats but we could potentially produce slightly more if demand is slightly higher,” said Mellier.
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