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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Aug- 2015 -5 AugustCurrent Affairs
Diamond market mood plummets to 2008 levels
Diamond prices fell again in July as market sentiment slumped to levels not seen since the 2008 downturn, according to the latest report from Rapaport. The report said that manufacturers rejected large quantities of rough supply as trading and manufacturing activity plummeted. It said that rough prices are unsustainable due…
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Jul- 2015 -30 JulyAppointments
WFDB appoints Louise Prior to executive director
The World Federation of Diamond Bourses (WFDB) has announced that it has appointed Louise Prior to the newly created position of executive director. Formerly a senior executive at De Beers, where she was responsible for strategic development and implementation and management of global sightholder services, Prior will take responsibility of…
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24 JulyEconomy
De Beers sales fall 21% in first half of 2015
Diamond company De Beers has reported a total sales decrease of 21% to $3bn (£1.94bn) in the first six months of the year to June 30, 2015. According to the first half results published by mining group Anglo American, which owns 85% of De Beers, underlying earnings before interest,…
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8 JulyEconomy
Diamond prices decline in June
Diamond prices continued to decline in June as decreased demand from the US and the Far East affected manufacturers. This is according to the latest report from Rapaport which found that diamond markets were relatively quiet as US demand after the JCK Las Vegas show was weaker than in previous…
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1 JulyAppointments
RJC appoints Andrew Bone as executive director
The Responsible Jewellery Council (RJC) has appointed a new executive director, Andrew Bone, as part of the organisation’s ongoing management restructure. Bone, who has extensive experience in the diamond and marketing sectors, has previously worked at De Beers and was also behind many industry initiatives including the Kimberley Process, the…
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1 JulyEditor's Blog
The naysayers must now eat their words
Almost two years ago I wrote sceptically about the initial murmurings of a merger between the two major jewellery trade associations. Not out of any sense of doubt that a merger was possible, but because I was new to the industry and I asked dozens of people for their thoughts.…
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Jun- 2015 -9 JuneE-Commerce
Richemont invites LVMH and Kering to create new online store
The chairman and CEO of Richemont, Johann Rupert, has invited LVMH and Kering to create a new online luxury retail store to compete with Amazon. Speaking at the Financial Times Business of Luxury event in Monte Carlo, Rupert said that he had spoken to Bernard Arnault CEO at LVMH, which…
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8 JuneInternational
WFDB to discuss co-operation with new Diamond Producers’ Association
The president of the World Federation of Diamond Bourses (WFDB) has said the upcoming presidents meeting between his body and the International Diamond Manufacturers’ Association will be used as an opportunity to discuss cooperating with the new Diamond Producers’ Association (DPA). Ernie Blom said: “I am looking forward to meeting some…
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May- 2015 -28 MayInternational
Big 7 diamond miners to form association
Seven of the world’s leading diamond mining companies have announced plans to form a new Diamond Producers Association (DPA). The founding members – ALROSA, De Beers, Rio Tinto, Dominion Diamond Corporation, Lucara Diamond Corporation, Petra Diamonds, and Gem Diamonds – said they will work together to “support the development of…
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26 MayInternational
De Beers places Kimberley Mines on the market
De Beers has announced that it is looking for expressions of interest for its Kimberley Mines in South Africa. The company said it has been investigating ways to extend the economic life of its tailings-based mining operation in Kimberley beyond 2018, by placing the mine on the market. Phillip Barton,…
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