Diamond producer De Beers profits jump 72% The world's top diamond producer De Beers announced an "exceptional" year in 2011, with profits up 72 percent to $939 million on surging consumer demand, in a results statement on Friday.
De Beers profit up, reins in output growth for 2012 CAPE TOWN (Reuters) - De Beers posted a 21 percent rise in 2011 earnings on the back of a record sales boom at the start of last year, but the diamond producer reported a dip in annual production and said it expected to continue to rein in output growth in 2012. The diamond giant, 45 percent owned by miner Anglo American , said it expected jewellery demand to continue to grow thanks to improving ...
Philippine swordsmith has Hollywood touch Filomeno de Guzman does not know Sparta from medieval Scotland, but the Philippine swordsmith is an expert at replicating ancient warriors' tools for killing each other.