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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Feb- 2025 -19 FebruaryManufacturers
Cรฉline Assimon steps down as De Beers CEO
De Beers CEO Cรฉline Assimon has stepped down from her role after nearly five years. Assimon joined De Beers in September 2020 and succeeded former CEO Franรงois Delage. A year later,she was appointed as the head of both De Beers Jewellers and De Beers Forevermark. Prior to joining De Beers,…
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17 FebruaryManufacturers
Richard Duffy steps down as Petra Diamonds CEO
Petra Diamonds has announced that Richard Duffy has resigned as CEO and director of the company by mutual agreement and with immediate effect. Vivek Gadodia and Juan Kemp have been appointed as joint interim chief executive officers. Gadodia will have responsibility for all group corporate matters and Kemp will have…
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14 FebruaryManufacturers
January diamond prices drop in slow market
The diamond market was slow in January, with mixed reports about holiday sales, according to Rapaportโs RapNet Diamond Index. Diamond prices declined, with some improvement in 0.30- to 0.50-carat, and 1 carat diamonds โ reflecting round D to F, IF to VVS2 goods, which saw a 0.4%, 0.6% and 2.3%…
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11 FebruaryManufacturers
De Beers lowers production guidance amid challenging trading conditions
De Beers Group has lowered its production guidance for 2025 to 20โ23 million carats (previously 30-33 million carats), reflecting the challenging rough diamond trading conditions. Although rough diamond sightholder sales for the quarter improved to 4.6-million carats for $543m (ยฃ437.1m) in revenue, compared with the 2.8-million carats sold for $230m…
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4 FebruaryManufacturers
De Beers and Botswana secure rough diamond sales agreement
The Government of the Republic of Botswana (GRB) and De Beers Group have agreed a deal establishing a new sales agreement for Debswanaโs rough diamond production. Alongside this, the deal has extended Debswanaโs mining licences in the country beyond 2029. This development is in alignment with the heads of terms…
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Jan- 2025 -30 JanuaryEconomy
Value of diamonds has plummeted in past 2 years, warns 77 Diamonds
Both natural and lab grown diamonds have seen a significant reduction in value, according to online jeweller 77 Diamonds. Over the last two years, the value of a 1ct natural diamond, based on the cost price of round diamonds, has fallen by 34%, whilst a 2ct stone is now worth…
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10 JanuaryNews
Diamond market remains stable but cautious in 2025
The diamond market was stable in December, with holiday sales matching the industryโs modest expectations, according to Rapaportโs RapNet Diamond Index. However, the diamond trade entered 2025 with caution due to the sluggish consumer demand in the US and competition from the synthetics market. Rapaport reduced prices on the Rapaport…
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Dec- 2024 -9 DecemberNews
De Beersโ Element Six partners with Lightsynq
Element Six, the synthetic diamond company and part of the De Beers Group, announced an investment in new quantum interconnect startup Lightsynq. The investment in Lightsynq, which was founded by Harvard PhDs and former research leads at the AWS Center for Quantum Networking, will help the company build faster and…
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5 DecemberRetailers
Diamond prices see more positive trend in November
Diamond prices rose for some categories in November as pre-holiday demand and a drop in polished production halted the negative trend of the past eight months, according to Rapaportโs RapNet Diamond Index. The RapNet Diamond Index (RAPIโข) for 1-carat goods, reflecting round, D to H, IF to VS2 diamonds, edged…
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Oct- 2024 -28 OctoberManufacturers
De Beers production drops 25% in Q3
De Beers Group has recorded a 25% decrease in production to 5.6 million carats in the third quarter. The company attributed the drop to prolonged periods of lower demand, higher than normal levels of inventory in the midstream and a continued focus on managing working capital. In Botswana, production decreased…
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