Anglo American said its 85 percent-owned De Beers group will produce between 32 million carats and 34 million carats next year.
Anglo chief executive Mark Cutifani said in a presentation to investors that De Beers was still targeting an output of 32 million carats this year.
The group produced 31 million carats last year, he said.
He said the company had previously over-promised production targets and under-delivered.
Cutifani said the projected output reflected stabilisation and confidence.
His comments also dovetail with what Bain & Company said in its latest global diamond annual report.
It said that the rollercoaster trajectory of the diamond market in recent years showed signs of moderating in 2013, with a 2 percent to 4 percent growth at every point along the value chain.
Bain & Company said the industry would remain strong, as long as the industry can step up its focus on driving demand and sustaining a positive image for the market.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
