Tell Us More

Share a bit more information with us
to finalize your Free Quote request.

You are looking for information regarding:

2 to 10+ carat
Round Diamond
United States Afghanistan Aland Islands Albania Algeria American Samoa Andorra Angola Anguilla Antarctica Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia, Plurinational State of Bonaire, Sint Eustatius and Saba Bosnia and Herzegovina Botswana Bouvet Island Brazil British Indian Ocean Territory Brunei Darussalam Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Chad Chile China Chinese Taipei Christmas Island Cocos (Keeling) Islands Colombia Comoros Congo Congo, the Democratic Republic of the Cook Islands Costa Rica Cote d'Ivoire Croatia Cuba Curaçao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic East Timor Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Falkland Islands (Malvinas) Faroe Islands Fiji Finland France French Guiana French Polynesia French Southern Territories Gabon Gambia Georgia Germany Ghana Gibraltar Greece Greenland Grenada Guadeloupe Guam Guatemala Guernsey Guinea Guinea-Bissau Guyana Haiti Heard Island and McDonald Islands Holy See (Vatican City State) Honduras Hong Kong Hungary Iceland India Indonesia Iran Iran, Islamic Republic of Iraq Ireland Isle of Man Israel Italy Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Korea Korea, Democratic People's Republic of Korea, Republic of Korea (South) Kuwait Kyrgyzstan Lao People's Democratic Republic Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macedonia, the former Yugoslav Republic of Madagascar Malawi Malaysia Maldives Mali Malta Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Moldova, Republic of Monaco Mongolia Montenegro Montserrat Morocco Mozambique Myanmar Namibia Nauru Nepal Netherlands Netherlands Antilles New Caledonia New Zealand Nicaragua Niger Nigeria Niue Norfolk Island Northern Mariana Islands Norway Oman Pakistan Palestinian Territory, Occupied Panama Papua New Guinea Paraguay Peru Philippines Pitcairn Poland Portugal Puerto Rico Qatar Republic of China Reunion Romania Russian Federation Rwanda Saint Barthélemy Saint Helena, Ascension and Tristan da Cunha Saint Kitts and Nevis Saint Lucia Saint Martin (French part) Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia Serbia and Montenegro Seychelles Sierra Leone Singapore Sint Maarten (Dutch part) Slovakia Slovenia Solomon Islands Somalia South Africa South Georgia and the South Sandwich Islands South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Swaziland Sweden Switzerland Syrian Arab Republic Taiwan Tajikistan Tanzania, United Republic of Thailand Timor-Leste Togo Tokelau Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Tuvalu Uganda Ukraine United Arab Emirates United Kingdom United States Minor Outlying Islands Uruguay Uzbekistan Vanuatu Venezuela, Bolivarian Republic of Vietnam Virgin Islands, British Wallis and Futuna Western Sahara Yemen Zambia Zimbabwe

August 2005

De Beers’ profits for the six months ended June 30, 2005, were 8% lower than the equivalent period in 2004, and headline earnings were 21% lower at $336 million.

In a statement, De Beers said the decrease in earnings was attributed to the impact of a weaker dollar and “to tighter margins arising largely from a significant reduction in stockpile realizations.” Headline earnings were further impacted by the negative swing of $46 million in the group’s share of retained earnings of joint ventures.

Other news in the report:

* Despite mixed economic data, demand for diamond jewelry in the U.S. was up 6% in the first half over the same period last year. Large chains and high-end independents have shown the strongest results and polished prices have started to edge up on the consumer level.

But it noted performance in other markets was mixed, and the local currency value of global diamond jewelry is estimated to be higher by 5% than 2004.

* Sales by the Diamond Trading Company, the marketing arm of De Beers, for the first six months totaled $3.2 billion, 8% higher than the equivalent period in 2004. The DTC also raised rough prices on two occasions.

* Group production was 23.7 million carats, an increase of 23% over the same period in 2004, which was the reason De Beers gave for taking on new sightholders last month. The company also announced its stock levels were risen by about $400 million compared with June 2004. This was something of a surprise, since De Beers has said that it will stop stockpiling.

It closed by noting that the market for rough diamonds remains firm and De Beers expect that, unlike in previous years, sales in the second half will match those of the first half and that the stocks will reduce.

Related Articles

Blog Archive

Popular Cuts For 2 Carat Diamond Engagement Rings

Meet the pink ring that is over $1M
Blog Archive

Meet the pink ring that is over $1M

Diamond Jewelry at Grammys 2019
Blog Archive

Diamond Jewelry at Grammys 2019

WhatsApp chat