De Beers results, pre cursor to Anglo numbers

One of the other "Anglo companies" (sort of) reported results this morning, check out: De Beers Interim Results. Let me do a copy paste of the table in the .pdf release titled INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2011.

As you can see, a pretty stunning recovery. I guess we are not really that surprised, through one of our recommended companies, Richemont, we have seen the trends. Check: "This is the highest ever sales figure recorded for the first half of the year, buoyed by continued retail demand from the Indian and Chinese consumer markets and stronger than expected demand in America." Just a reminder, debt issues in Europe, American debt ceiling talks, yip, there is a world out there. But in Asia, seemingly it is non-stop buying of luxury items. That is why we will continue to buy Richemont.