Diamond producer De Beers, 45 percent owned by global miner Anglo American , said on Thursday it had signed a two-year wage deal with South Africa's National Union of Mineworkers, ending a 14-day strike.

The mining firm said artisans and more skilled employees would receive an 8 percent rise in wages, while salaries of entry-level employees would go up by 10 percent.

The company said in a statement it aimed to meet its yearly production targets despite the strike.

The deal will be backdated to May 2011. In 2012, increases will be at a level determined by inflation plus 2 percent.