De Beers targets 51 million carats

Tuesday, February 09, 2010

DE BEERS target in diamond demand is pegged at 51 million carats this year, a level it last achieved in 2008.

In an interview with Miningmx, David Noko, MD of De Beers Consolidated Mines (DBCM), noted that demand for diamonds had increased in January. However, he was not overly optimistic the global recession was nearing an end.

It was also unclear whether there had been a recovery in diamond demand or whether the demand was simply the result of restocking, he said. In 2009, diamond sales fell 30% owing to the global recession.

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