By  on July 24, 2009

LONDON — De Beers SA reported a 99 percent decline in first-half net profit Friday, hurt by what the diamond mining company called the “historically difficult trading conditions” that it faced at the start of the period.

In the six months to June 30, net profit fell to $3 million from $316 million in the same period last year, while total sales fell 54.2 percent to $1.71 billion from $3.74 billion during the same period last year.

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