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De Beers plans to allocate more of its rough to manufacturing units in Africa next year, according to sightholders, resulting in less supply for other cutting operations amid a drop in the miner’s overall output.
De Beers has extended its sightholder contracts by one year, a reflection of what it calls “uncertainty” in the market.
Melee goods — and the rough that produces them — are outperforming larger sizes due to strong luxury demand and a supply squeeze.
The diamond industry is navigating a drop in demand and a rise in supply that is weighing on polished prices at the start of the holiday season.
The Del Gatto Diamond Finance Fund recently signed an agreement to supply working capital for the Tongo diamond mine in Sierra Leone.
Bruce Cleaver had a very focused “to do” list when he took over as De Beers CEO in July 2016. Having previously worked on strategy and business development at the company, as well as at parent Anglo American, he recognized De Beers’ need to evolve, and to protect it from the increasing volatility evident in […]
Taylor Swift’s new video for her song “Bejeweled” could give the diamond and jewelry industry a great boost, industry analyst Paul Zimnisky said during a recent podcast.
Generation Z consumers are different than those in other generations—including millennials—according to a Women’s Executive Leadership Forum on the subject, held in New York City on Oct. 27, sponsored by the Women’s Jewelry Association and Citizen Watch America.
Press release – New research highlights key trends shaping how younger generations perceive, research and buy diamonds. Ethical assurances, branded offerings, ‘phygital’ retail and Web3 experiences will define the new diamond world.
The diamond industry is facing contrasting trends at the start of the important fourth quarter. US jewelers are optimistic for the holiday season, but the trade is staying cautious amid the economic slowdown.
Botswana’s Minister of Minerals and Energy Lefoko Moagi and De Beers’ CEO Bruce Cleaver set with Edahn Golan for an interview at the opening of AWDC’s Facets 2022 conference.
Belgium’s parliament has voted in favor of a new banking law, paving the way for easier access to financial services among Antwerp’s diamond dealers.