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De Beers in 99% Loss as Diamonds Lose Their Glitter

Tuesday July 28, 2009, 4:41am PDT

The world’s leading diamond producer, De Beers, has reported a 99-percent dip in net profits for the first half of 2009 to just $3 million after demand for luxury goods was hard hit by the international recession.

For full story, click here

Tags: beers, de, demand, recession


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Read next article Diamond Mining at Panna is likely to resume before Aug 15
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