De Beers Slashed Rough Prices. Will Polished Suffer?
De Beers Slashed Rough Prices.
De Beers
De Beers Cuts Rough Prices by Average of 10% to 15%
De Beers reduced rough-diamond prices by an average of 10% to 15% at this week’s sight
De Beers approves $1 billion spending at Botswana mine
Global diamond giant De Beers said it will go ahead with a planned $1 billion investment to extend the life of its flagship Jwaneng mine in Botswana
Bruce Cleaver Steps Down from De Beers Boards
Bruce Cleaver will leave his role as cochair of De Beers’ board of directors
Petra Believes Rough Prices Have ‘Bottomed’
Petra Believes Rough Prices Have ‘Bottomed’
Anglo American to Cut De Beers’ Overheads by $100M
Anglo American will slash De Beers’ budgets in response to the diamond-market downturn, the parent company said Friday.
India’s Rough Imports Rise Despite Supply Freeze
India saw a slump in polished-diamond exports
Pink Diamond Ring Headlines Heritage Sale
A 3.06-carat pink diamond ring will be the star of an upcoming jewelry sale at Heritage Auctions, where it is set to fetch as much as $300,000.
Diamond certification head questions G7 plans to ban Russian producers
Ahmed bin Sulayem, who this week was elected to take charge of the Kimberley Process, a multilateral body tasked with cleaning up the diamond trade, said any proposed scheme “must take into account African diamond producing nations” such as Botswana, the Democratic Republic of Congo and South Africa. But the Emirati warned that a Belgian … Read more
The diamond world takes radical steps to stop a pricing plunge
When the world’s most important diamond buyers arrived at De Beers’ offices in Botswana late last month, they were presented with a rare offer by their host: the option to buy nothing at all. De Beers markets its rough diamonds in a series of tightly scripted sales, where handpicked buyers are normally expected to take … Read more