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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Oct- 2024 -22 OctoberManufacturers
De Beers to provide country of origin data for its diamonds
De Beers Group has announced that it will provide data on country of origin for all De Beers-sourced rough diamonds above 1.25 carats that are newly registered on the Tracr platform, the digital platform for tracing natural diamonds from source at scale. From the start of 2025, this will be…
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18 OctoberManufacturers
De Beersโ GemFair purchases its 10,000th diamond
De Beers Group has announced that GemFair, its programme focused on developing a responsible sourcing model for the artisanal and small-scale diamond mining sector, has reached the key milestone of purchasing its 10,000th diamond since launching in 2018. GemFair aims to support the formalisation of the artisanal sector by raising…
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10 OctoberManufacturers
Diamond prices decline in September
Diamond prices dropped in September as the market continued to suffer from an oversupply, according to Rapaportโs RapNet Diamond Index. As a result, Indian manufacturers reduced rough-buying and polished production to rebalance supply and demand. This adjustment also led to a decline in polished inventories, but will take a few…
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Sep- 2024 -2 SeptemberManufacturers
De Beers prepares for next phase of G7 diamond import requirements
De Beers Group has confirmed that it is fully prepared to meet the requirements that now extend to diamonds of 0.5 carats and above, following the expansion of G7 import restrictions on Russian diamonds on 1 September 2024. De Beersโ proprietary Best Practice Principles and Pipeline Integrity standards have long…
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Aug- 2024 -9 AugustNews
Diamond prices plummet in July
Diamond prices dropped sharply in July amid slow retail sales and an oversupply in India, according to Rapaportโs RapNet Diamond Index. The seasonal summer slowdown also had a negative effect on sales. The RapNet Diamond Index (RAPIโข) for 1-carat goods, reflecting round, D to H, IF to VS2 diamonds, slid…
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Jul- 2024 -23 JulyManufacturers
De Beers to sell Australian iron ore right to Taurus Funds Management
De Beers Group has announced the sale of an iron ore royalty right related to the Onslow Iron project in West Pilbara in Australia, as part of its focus on streamlining the business and divesting non-core assets in support of its Origins strategy. Taurus Funds Management will acquire the subsidiary…
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22 JulyTrade Organisations
The NAJ co-opts two new members to its national committee
The National Association of Jewellers (NAJ) has announced the co-option of Kerry Saunders, operations director at Domino Jewellery, and Neil Ventura, CEO of Ventura Fine Jewellery, to its national committee board. Saunders comes with over 25 years of extensive experience in manufacturing, and throughout her career, she has honed her…
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Jun- 2024 -5 JuneManufacturers
De Beers welcomes G7 sanctions on Russian diamonds
De Beers has stated that it fully supports the intent of the G7 sanctions on Russian diamonds. For these to be effective, the group said that the sanctions must be โpractical, industry-wide and enforceableโ. In response to requests from G7 governments, De Beers offers the following perspectives. Timing: Import restrictions…
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3 JuneManufacturers
De Beers unveils โOriginsโ strategy to enhance and revitalise natural diamonds
De Beers Group has unveiled its new five-year Origins strategy to enhance value across its business from mining through to retail. The business will be streamlined and investments will be focused on high return projects in core upstream assets, midstream technologies, natural diamond retail and synthetic diamond technology solutions. As…
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May- 2024 -24 MayManufacturers
De Beers fourth cycle diamond sales drops to $380m
The De Beers Group has reported that its rough diamond sales for its fourth sales cycle amounted to $380m (ยฃ298.7m) as at 22 May 2024. The figures mark a decrease on the $446m (ยฃ350.6m) sold in the fourth sales cycle of 2024, and is also down from $479m (ยฃ376.6m) in…
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