De Beers sightholders: �whine and dine�...

Friday, February 28, 2014

Analysts and journalists were quite surprised when Anglo American simply announced in its 2013 financial results that sales of De Beers last year had increased to $6.4 billion from $6.1 billion in 2012.

For the first time in decades, De Beers’ new controlling shareholder has made a policy decision to report natural rough and industrial synthetics sales in one figure. In contrast, the $6.1 billion figure from 2012 listed the company’s industrial synthetic sales (through Element 6), which, that year, amounted to $600 million, as part of a sales breakdown.

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