De Beers Mining News

De Beers’ Forevermark brand inscribes its 2 millionth diamond

The a 3.48 carat round brilliant, mined, cut and polished in Namibia, that now bears a ‘2,000,000’ imprinting.

De Beers taps into polished diamonds market with first-time auction

The pilot auction, scheduled for June 29, will include a wide range of polished stones manufactured directly from the company’s own rough diamonds.

De Beers diamond sales down by 11%

The world’s largest rough diamond producer by value said, however, it continues to see steady demand.

These were the top producing diamond mines in 2016

Here are the top 10 diamond mines in terms of output in carats and value.

De Beers pioneers research programme to make carbon-neutral mining a reality

De Beers Group today announced it is leading a ground-breaking research project that aims to deliver carbon-neutral mining at some of the company’s operations in as few as five years.

De Beers Group returns US$5 billion to its partners in 2016

De Beers Group increased returns to governments, communities, supply chain partners and its joint venture partners by 26 per cent to US$5 billion in 2016, according to its latest Report to Society, published today.

More iron ore comes to the market as Anglo’s output soars in Q1

Both iron ore and diamond output rose in the first quarter thanks to a continued ramping-up of the company's Minas Rio mine in Brazil and improvements in the gem market.

Diamond market regaining sparkle — DeBeers sales up again

The world’s No.1 diamond miner by value, reported a 4.9% rise in sales during the third cycle of the year, on the back of a global recovery in prices and demand.

De Beers becomes sole owner of jewellery brand, buys out retail partner LVMH

It has acquired the 50% interest French luxury goods group LVMH had in De Beers Diamond Jewellers for an undisclosed amount.

World's top diamond miner Alrosa quadruples profit amid sector recovery

The Russian miner said profit attributable to shareholders totalled $2.25 billion (131.39bn roubles) last year, versus $530K (30.67bn) roubles in 2015.

World’s largest new diamond mine begins commercial production

Gahcho Kué, owned by De Beers Canada and Mountain Province Diamonds, is expected to produce around 54 million carats of rough gems over its 12-year lifetime.

De Beers upbeat on diamonds outlook, despite sales drop

The miner reported a 25% fall in diamond sales during the second cycle of the year, compared with the traditionally stronger first cycle, in line with its expectations.

Diamond producers go after Millennials with Oscars-time spot

The target group was the the top diamond consumer in 2015, a year in which most commodities plummeted, hitting the mining industry very hard.

De Beers Forevermark passes 2,000 global retail doors

Forevermark, the diamond brand from The De Beers Group of Companies, today announced it has passed 2,000 retail doors globally, following the opening of the Zen Diamond Anatolium store in the city of Bursa in Turkey. The milestone consolidates Forevermark’s position as one of the world’s fastest-growing diamond brands.

Russia’s Alrosa January sales up 60%

The world's top diamond producer by output in carats fetched $358 million in rough gems and $7.28 million in polished rocks last month.

Mountain Province just found this massive diamond at Gahcho Kué

The 67.87-carat gem quality octahedron diamond, unearthed during production ramp-up, is the largest of its kind recovered to date at the remote mine.

Ontario diamond mine expansion shelved, casting uncertainty over Victor

Weeks after making the difficult decision to flood Snap Lake, De Beers could be sharpening the axe for more job cuts at a Canadian diamond operation.

De Beers has just sold largest amount of rough diamonds in a year

The world's top diamond producer sold $720 million of rough gems at its January offering as retailers restocked after the holidays.

De Beers latest diamond sales hit by India’s demonetization

The diamond producer by value sold $418 million of gems in its 10th cycle, compared with $476 million at its previous offering, which shows demand has slowed since India's withdrawal of high-value bills.

Global rough diamond production about to reach its peak

Global rough diamond production will reach its peak in only three years before entering into a supply deficit by 2020, two separate reports show.

De Beers facing legal action over mercury monitoring at Victor mine

Suit claims company failed to report mercury levels at five of nine water monitoring stations near Victor mine.

De Beers invests $5 million to expand India’s diamond grading unit

Move takes the group’s total investment in the Indian city of Surat, which has the largest concentration of diamond skilled workers in the world, to $15 million.

Less than shiny: De Beers recent sale the lowest this year

The world’s top diamond producer by value said results were in line with expected seasonal demand patterns.

De Beers latest diamonds sale the lowest this year

Still, the world’s biggest diamond producer by value said the auction was better than it had expected.

One of world’s largest, newest diamond mines is now open

Gahcho Kué, a joint venture between De Beers Canada (51%) and Mountain Province Diamonds (49%), is expected to inject $5.2bn into Canada’s economy.