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comprises the written materials concerning De Beers and the wider
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De Beers Group, unless otherwise stated.
This report has been compiled by De Beers and/or its affiliates from sources
believed to be reliable, but no representation or warranty, express or implied,
is made as to its accuracy, completeness or correctness. All opinions and
estimates contained in this report are judgements as of the date of this
report, are subject to change without notice and are provided in good faith
but without legal responsibility.
This report should not be construed as business advice and the insights are
not to be used as the basis for investment or business decisions of any kind
without your own research and validation.
This report is for information purposes only. The information contained in
this report may be based on internal data, or data sourced from, or provided
by, third parties or publicly available sources. As such, it may include the
disclosures and/or views of those third parties, which may not necessarily
correspond to the views held by De Beers.
De Beers does not offer any representation or warranty as to the accuracy
or completeness of this report and no reliance should be placed on the
information disclosed for any purpose. Nothing in this report should be
interpreted to mean that De Beers or the diamond industry (as the case may
be) will necessarily perform in accordance with the analysis or data contained
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to De Beers or persons acting on its behalf are qualified in their entirety by
these cautionary statements.
To the full extent permitted by law, neither De Beers nor any of its affiliates,
nor any other person, accepts any liability whatsoever for any direct or
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contained herein.
This report includes forward-looking statements. All statements other than
statements of historical facts included in this report, including, without
limitation, those regarding De Beers’ future expectations and/or future
expectations in respect of the diamond industry, are forward-looking
statements. By their nature, such forward-looking statements involve known
and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of diamond markets, or industry
results, to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
Such forward-looking statements are based on numerous assumptions
made by De Beers in respect of the present and future business strategies
and the wider environment of the diamond industry. Important factors that
could cause actual results, performance or achievements to differ materially
from those in the forward-looking statements include, among others,
levels of actual production during any period, levels of global demand and
commodity market prices, mineral resource exploration and development
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products profitably, the impact of foreign currency exchange rates on
market prices and operating costs, the availability of sufficient credit, the
effects of inflation, political uncertainty and economic conditions in relevant
areas of the world, the actions of competitors, activities by governmental
authorities such as changes in taxation or safety, health, environmental or
other types of regulation in the countries relevant to the diamond industry,
conflicts over land and resource ownership rights and other such risk factors.
Forward-looking statements should, therefore, be construed in light of such
risk factors and undue reliance should not be placed on forward-looking
statements. These forward-looking statements speak only as of the date of
this report. De Beers expressly disclaims any obligation or undertaking to
release publicly any updates or revisions to any forward-looking statement
contained herein to reflect any change in De Beers’ expectations with regard
thereto or any change in the events, conditions or circumstances on which
any such statement is based.
Forward-looking statements