Diamonds: De Beers Profits and Sales Fall in 2012 & More



De Beers on Ice De Beers saw profits and sales fall in 2012, the result of what it called “challenging” trading conditions and gyrating diamond prices. Total sales dropped 16 percent to $6.1 billion. Operating profit dropped 45 percent, to $815 million. Overall, the company’s rough prices slipped 12 percent last year, with particularly strong drops in the third quarter, thanks to depressed demand and high cutting center stocks, according to a company statement. By year’s end, however, prices had stabilized, the statement said. The miner expects moderate growth in demand throughout 2013, with improvements forecast in the United States, India, and China. De Beers Adonis Rose one-line bracelet with diamonds in white gold; £22,000 Missing in Auction iStockphoto In April 2012, diamond dealer Brett Stettner made headlines when he won the top lots at both So
JCK PRO

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).

SUBSCRIBE TO CONTINUE

Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out