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    DE Beers Group

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    • Wednesday, 20 September, 2023
      Europe Express
      Diamond industry slams looming sanctions on Russian gems Premium content

      Also in this newsletter: the EU’s future climate commissioner gears up for grilling on his fossil fuel past

      An employee holds a rough diamond at a factory in Moscow,
    • Friday, 25 August, 2023
      News in-depthDiamonds and gemstones
      Synthetic diamond sales sparkle but oversupply delivers ice burn

      Man-made competition hurts price of natural stones, though fears of bankruptcy mount among lab-grown producers

      Colorless lab-grown diamonds
    • Tuesday, 25 July, 2023
      News in-depthDiamonds and gemstones
      De Beers prospects blemished after Botswana cuts new diamond deal

      Critics warn arrangement following populist campaign will be bad for the industry as well as the company

      A view of giant excavators putting ore on haul trucks in the open pit of the Jwaneng diamond mine in Botswana
    • Saturday, 1 July, 2023
      Mining
      De Beers and Botswana strike deal on diamond sales after tense talks

      Negotiations had raised uncertainty over strategic value of miner for owner Anglo American

      Diamonds from Botswana’s mines are graded at De Beers office in Gaborone
    • Wednesday, 12 April, 2023
      Botswana seeks better De Beers deal after taking Belgian processor stake

      President threatens to abandon diamond producer unless country’s share of rough stones is increased

    • Monday, 10 October, 2022
      De Beers picks Equinor executive as next chief

      Oil veteran Al Cook to replace Bruce Cleaver after 7 years in charge

      De Beers jewellery on display in the window of a shop
    • Thursday, 21 July, 2022
      Anglo American PLC
      De Beers boosted by sanctions imposed on Russian rival

      Diamond sales have held up thanks to pent up demand from consumers following the pandemic

      A De Beers’ clerk grades diamonds from Botswana diamonds mines at the De Beers office
    • Friday, 9 July, 2021
      Watches & Jewellery
      Diamond industry buffs up its image for the young generation

      A focus on sustainability and a marketing push that highlights youthful values are helping sales recover

      Elle Fanning, hired by Tiffany & Co
    • Thursday, 17 December, 2020
      De Beers sales hit decade-long low as pandemic stifles demand

      Chief says year is ending on more positive note but Covid impact will persist into 2021

      Diamond sales plummeted in the first half of the year due to lockdowns while restrictions on travel also hampered the ability of De Beers to sell its products
    • Thursday, 30 July, 2020
      Anglo American PLC
      Anglo American flags De Beers restructuring as profits fall

      Diamonds unit expected to cut jobs in restructuring as parent’s earnings drop 39%

      The $80bn diamond industry has been paralysed by the coronavirus pandemic
    • Friday, 12 June, 2020
      Diamonds and gemstones
      Diamond sales freeze: ‘I’ll sort out the ring when the madness ends’

      Global industry that relies on sight and touch to attract consumers grinds to a halt

    • Thursday, 23 April, 2020
      LombardCat Rutter Pooley
      Deliveroo and Just Eat deals show politics rules trustbuster

      Political heart has ruled the head at CMA; Diamond market and De Beers frozen

    • Thursday, 23 April, 2020
      De Beers to cut diamond production by 20 per cent this year

      World’s second-largest diamond miner cites disruption along the supply chain

      De Beers said it would now produce between 25m and 27m carats of diamonds this year
    • Thursday, 20 February, 2020
      De Beers posts lowest earnings under Anglo American control

      Diamond producer, which miner bought eight years ago, suffers from 20 per cent price drop

    • Saturday, 25 January, 2020
      Watches & Jewellery
      Lab-grown diamond producers fight back in eco-friendliness dispute

      Trade body commissions independent sustainability standards pilot to counter critics

      De Beers Lightbox one of the laboratory-grown diamond seeds that are used as the substrates that the stones are grown from
    • Friday, 20 December, 2019
      LexDiamonds and gemstones
      Diamonds: a thousand cuts Premium content

      Weak prices should mean consumers have luxury of time when shopping for rings

    • Wednesday, 18 December, 2019
      De Beers ends a tough 2019 with more of a flourish

      Top diamond producer sells $425m of rough stones in this year’s final sale

    • Tuesday, 3 December, 2019
      Mining
      Diamond miners dented by liquidity crisis among India’s polishers

      Local bankers shut off funding to market intermediaries after the Nirav Modi scandal

      Diamond inspecting at De Beers, photographed in their London offices this morning.
    • Wednesday, 13 November, 2019
      LombardMatthew Vincent
      British Land proves a harder sell than £236m-worth of shop space

      Positive spin on offloaded assets does not make shares seem more appealing

      Canada Water area in south London. British Land's chief tried to give shareholders reasons to buy its shares, including emphasising the strategic shift to multi-use developments like the Canada Water development.
    • Wednesday, 13 November, 2019
      De Beers boosted by jump in diamond sales

      World’s largest diamond producer says buyer sentiment is improving

      An assortment of rough diamonds sit on a sorting table at the Namibian Diamond Trading Co. (NTDC) diamond processing and valuation center, a joint venture between De Beers Group and Namdeb Diamond Corp. operated by Anglo American Plc, in Windhoek, Namibia, on Wednesday, June 14, 2017. The world's biggest diamond producer has spent $157 million on a state-of-the-art exploration vessel that will scour 6,000 square kilometers (2,300 square miles) of ocean floor for gems, an area about 65 percent bigger than Long Island. Photographer: Simon Dawson/Bloomberg
    • Wednesday, 30 October, 2019
      John Gapper
      A diamond is not forever at a fashion house

      LVMH’s $14.5bn bid for Tiffany shows power passing from gem miners to luxury marketers

      web_LVMH goes for Diamonds
    • Wednesday, 23 October, 2019
      Botswana
      Botswana presidential hopeful vows to take tough line on De Beers

      Duma Boko seeks to boost country’s share of diamond wealth if he wins election

      Duma Boko, leader of the Umbrella for Democratic Change (UDC), greets his supporters as he arrives at a rally campaign for the general elections in Gaborone on October 19, 2019. - Botswana will have their general election on October 23, 2019. (Photo by Monirul Bhuiyan / AFP) (Photo by MONIRUL BHUIYAN/AFP via Getty Images)
    • Thursday, 3 October, 2019
      De Beers diamond sales slide as market weakness persists

      China slowdown and Hong Kong protests disruption dent consumer demand

      An assortment of rough diamonds sit on a sorting table at the Namibian Diamond Trading Co. (NTDC) diamond processing and valuation center, a joint venture between De Beers Group and Namdeb Diamond Corp. operated by Anglo American Plc, in Windhoek, Namibia, on Wednesday, June 14, 2017. The world's biggest diamond producer has spent $157 million on a state-of-the-art exploration vessel that will scour 6,000 square kilometers (2,300 square miles) of ocean floor for gems, an area about 65 percent bigger than Long Island. Photographer: Simon Dawson/Bloomberg
    • Friday, 30 August, 2019
      News in-depth
      Bruce Cleaver: De Beers CEO mines a tricky seam

      Shrinking demand and lab-grown competition among multiple challenges facing sector

      CEO of DeBeers Bruce Cleaver 20 Carlton House Terrace. 30/10/18
    • Wednesday, 28 August, 2019
      De Beers hits a rough patch as diamond sales slide

      Industry struggling with economic uncertainty and rise of lab-grown stones

      An employee places a rough diamond in a sorting tray during the grading process at the Namibian Diamond Trading Co. (NTDC) diamond processing and valuation center, a joint venture between De Beers Group and Namdeb Diamond Corp. operated by Anglo American Plc, in Windhoek, Namibia, on Wednesday, June 14, 2017. The world's biggest diamond producer has spent $157 million on a state-of-the-art exploration vessel that will scour 6,000 square kilometers (2,300 square miles) of ocean floor for gems, an area about 65 percent bigger than Long Island. Photographer: Simon Dawson/Bloomberg
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