De Beers profit halves as diamond buyers hold back

First-half profit halved at De Beers, the world's largest diamond producer by value, as trade buyers were held back by a lack of funds and worries over consumer demand. Photo: De BeersThe company, soon to be majority owned by miner Anglo American, faces tough times in the mid-stream - the section of the diamond market between the mine and the jewellery store. It has taken the unusual step of allowing buyers of its rough diamonds such as cutting and polishing centres - known in the business as

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