22 stories found
The global diamond sector is experiencing a downturn, with jewelers and diamantaires in the Netherlands noting a shift in priorities among younger generations. De Beers, a leading diamond company, announced the two-year closure of its largest diamond mine in South Africa last month.
The CEO of Anglo American stated that the diamond industry misjudged the threat posed by lab-grown gems, leading to a slashed valuation for De Beers and significantly lower prices for rough stones.
Diamond giant De Beers has suspended work at its flagship South African mine due to a significant drop in global demand for diamonds. This halt reflects the challenging market conditions currently facing the diamond industry.
De Beers has made substantial cuts to diamond prices in response to a shrinking market and reduced demand from buyers, reflecting challenges in the luxury goods sector.
The National Geographic Society and De Beers are collaborating to invest in scientists, local communities, and traditional knowledge to safeguard one of Africa's most vital water systems.
De Beers Group and Assouline Celebrate the Launch of "A Diamond Is Forever: The Making of A Cultural Icon 1926-2026" UzDaily
Anglo American Takes Another De Beers Writedown as Profit Steady Bloomberg.com
Charge of $2.3bn is FTSE 100 miner’s third writedown of diamonds business in three years amid prolonged market slump
The traditional diamond industry, including companies like De Beers, is actively campaigning for consumers to buy 'natural' diamonds as it faces significant disruption from the growing popularity and affordability of lab-grown diamonds.
Anglo American is reportedly close to selling its De Beers diamond business to a consortium led by former CEO Gareth Penny, who has been identified as the preferred bidder by a Botswanan minister.
De Beers has announced it will pause production at its Venetia diamond mine in South Africa to cut costs, citing weak diamond prices impacting sales.
Botswana is reportedly in discussions with the United Arab Emirates and Oman regarding the potential acquisition of a stake in De Beers.
Botswana’s President Courts Oman Amid De Beers’ Control Battle Bloomberg.com
GemFair and De Beers London have launched a capsule jewellery collection featuring ethically sourced artisanal diamonds, emphasizing responsible sourcing in the diamond industry.
The ongoing downturn in the diamond market has dealt a significant blow to De Beers, marking a third major challenge for the company.
The international De Beers group underestimated the threat from lab-grown diamonds, which have completely disrupted the market and significantly lowered the prices of natural diamonds.
Botswana has announced that Anglo American has selected a preferred bidder for its stake in De Beers. This development marks a significant step in the potential sale of the diamond mining giant.
De Beers, a major player in the diamond industry, has reportedly allowed diamond prices to finally crack, indicating a shift in market dynamics.
Botswana, whose economy heavily relies on precious gems, aims to increase its participation in De Beers as the rise of high-quality synthetic diamonds challenges the traditional market.
De Beers hosted an event at Maison Assouline to celebrate diamonds, art, and love, attended by notable figures including Poppy Delevingne, Nathalie Emmanuel, and Archie Madekwe.
The De Beers Group has announced a partnership with Abhishek Sharma to champion natural diamonds in the Indian market.
Anglo American hit by De Beers writedown, posts $3.7 billion loss TradingView