Anglo American, parent company of De Beers, reported on 16 July 2015 that rough diamond production declined six percent in the second quarter of 2015 for De Beers, and rough diamond sales volumes through the first half year plunged 26 percent year-over-year to 14 million carats.
De Beers said the production decline was mainly due to lower grades and reduced plant availability at Orapa, one of its mines in Botswana. The company also reduced production at its Venetia and Jwaneng tailings treatment plants in response to weaker trading conditions. Reduced production from mining companies is one of the solutions diamond industry players have proposed in order to help balance the disparity between rough and polished diamond prices.
In the first six months of the year, rough diamond production dropped three percent year-over-year, and rough price index was on average four percent lower but the average selling price was seven percent higher, hitting US$206 per carat, due to a higher quality product mix sold as compared with one year earlier.
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