De Beers cuts dividend, showing lag in diamonds

The world's largest diamond producer, De Beers Consolidated Mines, halved the interim dividend for this year in a move reflecting the continued depressed state of world diamond sales.

Last year the company had cut its final dividend for the first time by half to 22 cents (US). Tuesday's cut took the interim dividend to 11 cents.

Gold, too, surprised investors Tuesday. Further US interest rate drops spurred investors away from the dollar and into gold, pushing gold prices to their highest level this year - over $400 an ounce.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK