De Beers Profit -44%

De Beers groups sales declined 14%as earnings fell to $386 million in the first half of 2012,  

De Beers observed tight liquidity persisted in India although that DTC prices ‎remained stable.

DTC sightholders were seeing high inventories in the cutting centers. De Beers Jewellers saw a decline in the ‎high-end market.

De Beers mining giant expects trading to remain week in the second half of 2012, but anticipates global diamond jewellery sales to see slight growth.

The Us and Europe are expected to remain weak. ‎With China, Japan and the Gulf contributing the bulk of ‎the growth.

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