Firm has determined it's not economically viable to extend the life of the diamond mine, which can only be accessed by air year round, or by a winter road for five or six weeks in January and February.
De Beers Mining News
The best diamonds in the world come from the sea.
The world’s largest diamond producer by value offered less precious stones, in line with its policy of trying to match sales to demand.
Over the last nine years 66 record-breaking and other noteworthy diamonds were recovered, and 61 of those have been found within the last five years.
Katie Fergusson: "As Head of Social Impact, I feel privileged to be leading De Beers Group’s work on women and girls empowerment, including on diversity and inclusion."
It will invest US$3 million to advance the prospects of women and girls by addressing key priority areas.
The International Institute of Diamond Grading & Research, part of De Beers Group, has established four new diamond grading partnerships with leading diamond jewellery retailers in Thailand, Vietnam and China.
New research published today by De Beers Group in its latest Diamond Insight Report reveals that shifting relationship dynamics, women’s expanding roles in society and changing perceptions of femininity are creating new motivations for diamond jewellery acquisitions.
The International Institute of Diamond Grading & Research has announced it is expanding its existing grading partnership with Soo Kee Group into China, following the launch of Soo Kee’s bridal specialist brand, Love & Co., in the country.
The International Institute of Diamond Grading & Research, a De Beers Group company, has announced that the industry’s first synthetic screening device for set jewellery,
Although De Beers intends to spend most of the money on its own brands, Forevermark and De Beers Diamond Jewellers, all advertising is good for the wider diamond trade since it has a positive ripple effect.
Diamond giant will spend more than US$140 million in marketing this year.
The Indian Commodity Exchange Limited (ICEX) will start trading in 1 carat/100 cent contracts, to later add 50 cent and 30 cent contracts.
De Beers partners with Stanford Graduate School of Business to empower youth and entrepreneurs in southern Africa
De Beers Group today announced a US$3 million investment in a three-year partnership with Stanford Graduate School of Business (GSB) to empower young, aspiring entrepreneurs and established business owners in Botswana, Namibia and South Africa.
De Beers says it sets the bar very high for its technology and expects that each instrument it releases is tested to the highest possible standards, while also being fast, efficient and affordable.
De Beers Group today announced three new additions to its Executive Committee. Ann Cormack will succeed Arthur Hewett as Executive Head, Human Resources, as of October 2017. David Prager joins the Executive Committee as Executive Vice-President, Corporate Affairs, and Nancy Liu joins as Chief Operating Officer, Forevermark, both with immediate effect.
The diamond giant said customers began buying rough diamond earlier than usual so they can complete their polishing before Diwali begins.
The firm, a joint venture between De Beers and the southern Africa country's government, plans to extend the lifespan of its Jwaneng mine beyond 2024.
De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the fifth sales cycle of 2017.
Them mv SS Nujoma is the sixth diamond exploration vessel to join the fleet of Debmarine Namibia, a 50/50 joint venture between the government of that African country and De Beers.
Sellers and buyers of responsibly sourced, exceptional polished diamonds will be able to transact anonymously via the De Beers Auction Sales platform for the first time this month, when the exceptional polished stones auction is held on 29 June.
IIDGR unveils industry-first synthetic screening device for testing multiple stones in set jewellery
The International Institute of Diamond Grading & Research (IIDGR), a De Beers Group company, today unveiled SYNTHdetect – the first synthetic screening device in the industry to test multiple stones in set jewellery at once without the need for a probe.
Exemption license for rough diamonds was reportedly denied
The a 3.48 carat round brilliant, mined, cut and polished in Namibia, that now bears a ‘2,000,000’ imprinting.
The pilot auction, scheduled for June 29, will include a wide range of polished stones manufactured directly from the company’s own rough diamonds.