Diamond miner De Beers has revised its full-year production guidance downward to about 31-million carats, leaning towards the lower end of the previous range of between 31-million and 33-million carats, in response to weaker trading conditions experienced during the second quarter. De Beers is currently producing to demand and, in a statement issued on Thursday, the miner reported that the revision to its output guidance was as a result of rough diamond production having decreased by 14% to 7.7-million carats, mainly driven by reductions in Debswana, in Botswana, and De Beers Consolidated Mines (DBCM), in South Africa.
