De Beers cuts diamond target by 1 million carats as demand wilts

De Beers, the world’s largest diamond producer, lowered its 2015 output target for the second time this year as demand for the gems continues to weaken. De Beers cut its full-year goal to 29 million to 31 million carats from an earlier target of 30 million to 32 million carats. At the start of the year, 
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