De Beers
Brewing Diamond Industry Crisis Prompts De Beers to Cut Output
De Beers trimmed its production plans for this year as the world’s biggest diamond producer responds to a brewing industry crisis that’s hitting demand for its stones. The Anglo American Plc unit will now mine about 31 million carats in 2019, at the bottom end of a previous forecast range. The company, once the monopoly … Read more
De Beers Cuts Prices as Rough Sales Slide
De Beers employee sorting through rough diamonds with a loupe at the company’s Global Sightholder Sales (GSS) headquarters in Botswana (De Beers).
The diamond dream is over: Rosendorff jewellers goes into administration
The diamond dream is over: Rosendorff jewellers goes into administration
Debmarine Namibia invests in custom diamond vessel
The vessel, which has an expected total capital cost of US$468 million, will be the seventh in Debmarine’s fleet. It is expected to start production in 2022 with the capacity to add 500,000 carats of annual production, a 35% increase above current levels. De Beers CEO Bruce Cleaver said some of the highest quality diamonds … Read more
Diamond Trading Goes Online as Lucara Takes on Industry Goliaths
The opaque diamond trade may be ripe for disruption. Lucara Diamond, which recently found the second-largest diamond in history in Botswana, is taking on industry giants such as De Beers and Alrosa PJSC with an online platform to replace the current physical auctions. The service allows Lucara to match buyers’ requirements, not only saving jewelers … Read more
Last kimberlite trucked to plant at De Beers Victor mine
The last truckload of kimberlite from Ontario’s first and only diamond mine has left the pit. De Beers Canada said mining ceased on March 5 – 11 years to the day after the official opening in 2008. The honour of driving the last truck went to Nancy Wesley, of Kashechewan First Nation. She worked at … Read more