FICCI Gems to strengthen Gems and Jewellery sector

Conference focused on jewellery manufacturing and technology

Post By : Diamond World News Service On 25 September 2006 12:00 AM
The worlds top diamond producer, De Beers, met market expectations with a 15 percent rise in 2005 rough diamond sales reaching $6.54 billion on record output
Five analysts forecast that 2005 rough diamond sales would reach $6.5 billion on demand from China, India, the Middle East and improved sales in Japan, the contribution to Anglo will be at $440 million%%Output for the year, including joint ventures in Namibia and Botswana, was 49 million carats, an increase of 4 percent over 2004. That was a new record for the group, but still below the growth of 7 to 8 percent it had estimated. "There was over-optimism on the part of De Beers with the 7-8 percent forecast," De Beers outgoing Managing Director, Gary Ralfe, told a conference call on Friday

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