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De Beers' third-quarter output decreases to 7.4m carats

The Venetia Underground mine

The Venetia Underground mine

24th October 2023

By: Creamer Media Reporter

     

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Global diamond company De Beers' production decreased to 7.4-million carats for the third quarter ended September 30.

That compares with the 9.6-million carats produced in the third quarter of last year and the 7.6-million carats produced in the second quarter of this year.

The lower output was primarily owing to the planned reduction in South Africa as the Venetia mine transitions to underground operations and begins the ramp-up of production, as well as owing to planned maintenance in Botswana.

De Beers also has operations in Namibia and Canada.

 

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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