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 Beers’ 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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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 firm’s 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 £380m worth of diamonds in first sale of 2016
De Beers has announced it sold $540m (£380m) 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 “significant”…
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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 (£108m). 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 “volatility” in the diamond industry in 2016. Addressing a sightholder reception on Wednesday, Mellier said despite “encouraging signs” in the industry at the start of 2016, the recovery in the diamond sector remained “delicate” and there there is likely to…
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Dec- 2015 -8 DecemberCurrent Affairs
Polished diamond prices increase for first time in six months
Polished diamond prices increased in November for the first time in six months, boosted by shortages of select categories and seasonal holiday demand. That is according to the latest RapNet Diamond Index (RAPI) which found 1-carat, GIA-graded diamonds rose 0.7% in price in November – its first increase in six…
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7 DecemberCurrent Affairs
De Beers suspends Canada Snap Lake mine operation
De Beers has announced it has suspended operations at its Snap Lake diamond mine in Canada due to poor market conditions. The company said work to suspend production at the mine has begun, a process which could take up to nine months. It will evaluate market conditions over the next…
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1 DecemberCurrent Affairs
Petra and Ekapa Mining acquires De Beers’ Kimberley mines
Petra Diamonds and South African mining company Ekapa Mining have announced the acquisition of De Beers’ Kimberley mines. Petra, which owns the Finsch and Cullinan mines, said that deal of 102 million rand (£46.9m) will see it own a 49.9% interest in the mine, with Ekapa owning a 50.1% share.…
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Sep- 2015 -22 SeptemberInternational
Global diamond jewellery demand grew 3% in 2014
Global diamond jewellery demand grew 3% in 2014 to exceed $80bn (£51bn) for the first time, according to De Beers. The Diamond Insight Report said this is the fifth consecutive year of growth since the global recession, while global rough diamond production rose 6% to $19bn (£12bn). Consumer demand in…
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22 SeptemberEconomy
Ernie Blom: ‘Trade can feel positive’ ahead of holiday season
World Federation of Diamond Bourses (WFDB) president Ernie Blom believes the global diamond trade “can be positive” ahead of the upcoming holiday sales. Blom said that initial indications from the September Hong Kong Gems and Jewellery Fair were that it had been “solid”. Meanwhile, price cuts by De Beers and…
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