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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Jul- 2015 -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.ย 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 forwardย to meeting some…
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May- 2015 -28 MayInternational
Big 7 diamond miners to form association
Seven of the worldโs leading diamond mining companies have announced plans to form a new Diamond Producers Association (DPA). The founding members ย – 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.ย 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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26 MayEvents
Profitability and finance top of WFDB meeting agenda
Industry financing and falling profitability will be the leading topics at the World Federation of Diamond Bourses (WFDB) presidentsโ meeting next month.ย The meeting, which will take place in Tel Aviv from June 14 to 16, will be led by WFDB president Ernie Blom, while De Beers group CEO Philippe…
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Apr- 2015 -21 AprilEvents
โPerfectโ 100-carat diamond could sell for $25m at auction
A โflawlessโ 100-carat diamond is expected to fetch between $19m (ยฃ12.7m) and $25m (ยฃ16.7m) at a Sothebyโs auction in New York.ย The diamond has been described as โperfectโ and joins an elite group of just five comparable-quality diamonds over 100 carats to have ever been sold at auction worldwide. The…
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Mar- 2015 -26 MarchEconomy
Record $81bn diamond jewellery demand in 2014
Global demand for diamond jewellery hit $81 billion in 2014, a 3% increase compared with the previous year and a record high. This is according to new industry insight data published today by The De Beers Group of Companies. The data showed there was positive growth in consumer demand for…
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4 MarchEvents
GIA and De Beers to discuss synthetics at Basel
Researchers from the Gemological Institute of America (GIA) and De Beers will discuss โconcernsโ over synthetic diamonds at GIA GemFest at Baselworld, March 22.ย GIA said that technology for creating synthetic diamonds has โimproved significantlyโ over the last decade and, as a result, gem-quality synthetic diamonds have appeared in greater…
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Feb- 2015 -16 FebruaryInternational
De Beers profits shine with 36% increase
The De Beers Group of Companies, itself a subsidiary of mining firm Anglo American, has reported a 36% increase in operating profits for 2014, rising to $1.4bn (around ยฃ910m) compared with the previous year. Anglo American said in a statement that theย increase was due primarily to “solid demand” across key…
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