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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May- 2024 -14 MayManufacturers
Anglo American to offload De Beers
Mining company Anglo American has set out plans to sell De Beers its diamond business, as part of its wider turnaround plan. The group stated that the plan would โunlock significant value from its portfolio and accelerate the delivery of consistently stronger shareholder returnsโ. As part of this plan the…
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13 MayRetailers
Lightbox lowers lab-grown diamond retail prices by up to 40%
De Beers Groupโs lab-grown diamond brand Lightbox has announced it has lowered the retail price of its lab-grown diamonds by up to 40%. The brand’s colourless DEF stones, featuring an excellent cut and VS clarity, are now $900 (ยฃ716.7) a carat, down 40% from $1,500 (ยฃ1194.6). The price of lab-grown…
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Apr- 2024 -30 AprilRetailers
Opsydia appoints new sales and marketing director
Diamond and gemstone security and traceability specialist Opsydia has announced the appointment of Jacqui Larsson to the position of sales and marketing director, effective immediately. As a London Diamond Bourse council member and a fellow of the Gemmological Association of Great Britain (Gem-A), Larsson brings to Opsydia nearly two decades…
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22 AprilManufacturers
De Beers reports third cycle diamond sales of $445m
The De Beers Group has reported that its rough diamond sales for its third sales cycle amounted to $445m (ยฃ361.5m) as at 16 April 2024. The figures mark an increase on the $431m (ยฃ350.2m) sold in the second sales cycle of 2024, even though it is down from $542m (ยฃ440.4m)…
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9 AprilManufacturers
De Beers presents AUEA with Leopard jewel-tool boxes to help young talent
Aston University Engineering Academy (AUEA) has been presented with the first set of Leopard jewel-tool boxes, sponsored by De Beers, to encourage young talent into the jewellery industry. The Leopards initiative was founded in 2016 to preserve the skills and craftsmanship of the British jewellery industry and mentor young people…
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Feb- 2024 -16 FebruaryManufacturers
De Beers Group Ignite launches new diamond verification tool
De Beers Group Ignite has launched its latest diamond verification instrument, AMS Micro, to offer โrapidโ, โautomatedโ and โautonomousโ screening of high volumes of the smallest melee diamonds. The first AMS Micro instrument will be delivered to the Swiss office of leading diamond manufacturer De Beers Group Sightholder, KGK, at…
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8 FebruaryManufacturers
De Beers production declines 3% in Q4 but guidance remains unchanged
De Beersโ rough diamond production has decreased by 3% to 7.9 million carats in Q4 2023, primarily due to the planned reduction in South Africa as Venetia transitions to underground operations, partly offset by higher production from Botswana. Despite this, the group stated that production guidance for 2024 is unchanged…
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2 FebruaryManufacturers
De Beers reports first rough diamond sales of $370m
The De Beers Group has reported that its rough diamond sales for its first sales cycle amounted to $370m (ยฃ292.8m) as at 30 January 2024. The figures mark an increase on the $137m (ยฃ108.4m) sold in the final sales cycle of 2023, even though it is down from $454m (ยฃ359.3m)…
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1 FebruaryTrade Organisations
Franรงois Delage appointed to GIA board of governors
The board of governors of the Gemological Institute of America (GIA) has appointed Franรงois Delage as its newest member on January 25, 2024. Delage brings a wealth of experience in global luxury, fashion and jewellery retail garnered over a more than three-decade international career. Delage has more than 35 years…
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Jan- 2024 -17 JanuaryManufacturers
De Beers reduces diamond prices by 10% to improve demand
De Beers has reportedly cut its diamond prices by 10% to increase demand and revive gem sales, Bloomberg has reported. The hefty price reductions come as competition from lab-grown diamonds increased. The industry nearly came to a halt last year as the two largest miners virtually stopped producing in an…
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