De Beers
De Beers is one of the most influential names in the global diamond industry, shaping supply, pricing, and consumer demand through its mining operations and branding initiatives. For UK jewellery professionals, staying informed about De Beersโ activities is crucial to understanding market dynamics and trade opportunities. Jewellery Focus delivers comprehensive coverage of De Beers, including business updates, production reports, ethical sourcing initiatives, marketing campaigns, and their impact on the UK jewellery sector.
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Apr- 2016 -12 AprilEconomy
De Beers reports stable rough diamond demand
The De Beers Group has reported stable rough diamond demand, following its third sales cycle of 2016. The company reported rough diamond sales of $660m (ยฃ465m) compared with the $617m (ยฃ434m) realised in its second sales cycle earlier this year. The company said continued stability in polished diamond prices and…
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6 AprilAuctions
Rare blue diamond sells for ยฃ22.5m
The worldโs largest oval fancy vivid blue diamond to ever go under the hammer has been sold for $31.8m (ยฃ22.5m). The De Beers โMillennium Jewel 4โ was auctioned at the Sothebyโs Magnificent Jewels and Jadeite Spring Sale on 5 April, selling for the highest price ever paid for a jewel…
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Mar- 2016 -15 MarchAuctions
Rare blue diamond could fetch ยฃ24.7m at auction
Sothebyโs is set to auction the worldโs largest oval fancy vivid blue diamond ever to go under the hammer. The De Beers โMillennium Jewel 4โ – set to be auctioned at Sothebyโs Magnificent Jewels and Jadeite Spring Sale on 5 April, 2016 – is expected to sell for between $30m…
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2 MarchEconomy
De Beers says rough diamond demand โis improvingโ
Demand for rough diamonds continues to improve for De Beers as it announces an increase in sales for its second sales cycle of 2016. According to its preliminary report for the second sales cycle of the year, the company sold $610m (ยฃ435m) worth of rough diamonds, taking into account global…
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1 MarchTrade Organisations
London Diamond Bourse launches new IIDGR window service
The London Diamond Bourse (LDB) today launched a new window service which will enable members diamonds to be sent to the IIDGR Lab in Maidenhead for grading or screening. LDB chief operating officer Victoria McKay said: โOur partnership with IIDGR, part of the De Beers Group of Companies, continues to…
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Feb- 2016 -2 FebruaryEconomy
Polished diamond prices rise for third consecutive month
Prices of polished diamonds have continued to rise in January as shortages continued to support the market, which also saw a boost from the holiday season. That is according to the latest RapNet Diamond Index (RAPI) which found the price of 1-carat, GIA-graded diamonds rose 0.9% during the month. RAPI…
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Jan- 2016 -28 JanuaryEconomy
De Beers rough diamond sales slump 39% in 2015
Rough diamond sales for De Beers slumped 39% to 19.9 million carats in 2015, according to the firmโs parent company Anglo American. In its production report for the fourth quarter of 2015, the company said that the drop in sales was due to a 12% fall in production to 28.7…
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26 JanuaryEconomy
De Beers sells ยฃ380m worth of diamonds in first sale of 2016
De Beers has announced it sold $540m (ยฃ380m) worth of rough diamonds in the first sales cycle of 2016 – more than doubling the value achieved in the final sales cycle of 2015. The company, which holds 10 sales cycles each year, said that the sales achieved was a โsignificantโ…
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25 JanuaryEconomy
Petra Diamonds revenue falls 28% in first-half results
Petra Diamonds has announced that revenue for the first six months of the financial year – ending December 31 – fell 28% to $154m (ยฃ108m). The fall in revenue was despite a 2% increase in production to 1,629,403 carats – compared with 1,601,069 carats in the same period last year…
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22 JanuaryEconomy
2016 ‘likely to be volatile’ claims De Beers CEO
De Beers Group chief executive, Philippe Mellier, warned of likely โvolatilityโ in the diamond industry in 2016. Addressing a sightholder reception on Wednesday, Mellier said despite โencouraging signsโ in the industry at the start of 2016, the recovery in the diamond sector remained โdelicateโ and there there is likely to…
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