Pursuits
De Beers Sees Diamond Price Growth Next Year on Supply
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Diamond prices, headed for the first annual drop in four years, are set to get a boost in 2013 as De Beers, the world’s biggest producer, constrains supply.
De Beers, owned by Anglo American Plc, forecasts that it will produce about 27 million carats this year, a 14 percent decline from 2011. It expects stable production in 2013, bolstering prices that have slumped 16 percent this year.