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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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 Beersโ Kimberley mines. Petra, which owns the Finsch and Cullinan mines, said that deal of 102 million rand (ยฃ46.9m) 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 (ยฃ51bn) 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 (ยฃ12bn). 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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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.ย 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.ย 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 (ยฃ1.94bn) in the first six months of the year to June 30, 2015. ย 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.ย 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 organisationโs ongoing management restructure.ย 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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