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De Beers Group’s rough production fell by 14 per cent to 6.7 million carats in the fourth quarter ending December 31, 2020, but demand could be on the upswing based on “encouraging” trends, said parent firm Anglo American plc.
The company attributed the lower output to continued reductions and weaker demand at the height of the Covid-19 pandemic as well as operational challenges at Orapa that led to lower-than-expected production.
Full-year rough diamond output shrank by 18 per cent to 25.1 million carats.
Mark Cutifani, chief executive of Anglo American, commented, “As we begin 2021, we are continuing to see positive demand for rough...
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