World’s leader in diamond production, De Beers closed its first half of 2014, with an operating profit up 34% to $ 765 million (€ 568.8 million). De Beers’ turnover instead, has grown by 15% reaching a total of $ 3.8 billion (€ 2.83 billion).
“In the U.S. there is a big creation of wealth,” CEO Philippe Mellier told Reuters. “Wealthy people are willing to buy luxury products.” He said he expected sales to rise in both India and China.
Production increased to 16 million carats, thanks to higher output from its Botswana and South African operations. Without being specific, it said there were favorable results from its Forevermark brand and De Beers Diamond Jewelers retail operation, which is now targeting Asian markets.
109 Carat Diamond
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