De Beers announced its profits soared more than 33 percent over the past year — a number that may rankle its customers who complain they are losing money on their sight boxes.
The company’s operating profit over fiscal year 2014 climbed 36 percent to $1.4 billion, and revenue grew 11 percent to $7.1 billion, according to a statement from majority owner Anglo American. More than 90 percent of its revenue came from rough diamond sales, which rose 12 percent to $6.5 billion.
Anglo CEO Mark Cutifani said De Beers accounted for 28 percent of its profits, making it the second largest contributor.
“More than 90 percent of its revenue came from rough diamond sales, which rose 12 percent to $6.5 billion.”
In a corporate video, CEO Philippe Mellier said the United States was strong for more of the year, although “the selling season around Christmas was a little below what we were expecting.”