De Beers says new CEO Al Cook will formally take over from Bruce Cleaver on 20 February. It announced last October that Cleaver, who has been at the helm since 2016, will become co-chairman of the company. Cook is moving from Equinor, Norway’s state-owned petroleum company, where he was executive vice president of exploration and […]

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Non-profit organisation Diamonds Do Good, formerly known as the Diamond Empowerment Fund, will bring together key leaders from the retail and diamond sectors to share their viewpoints in its first virtual event on 30th July from 11am to noon EDT. The participants include De Beers’ Bruce Cleaver, Signet’s Gina Drosos, Alrosa’s Sergey Ivanov, Rosy Blue’s […]

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De Beers Group today announced that the provisional value of rough diamond sales (Global Sightholder Sales and Auctions) for the tenth sales cycle of 2019 was US$ 425 million. While this marked a slight improvement over the final figure for sales at Cycle 9 of US$ 400 million, it was still way below the US$ […]

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Sales of rough diamonds at De Beers sixth sales cycle of 2019 declined drastically to US$ 250 million as Sightholders were allowed additional flexibility to defer some of their rough diamond allocations to later in the year on account of higher than normal midstream inventories. The sales figures, which include both Global Sightholder Sales and […]

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De Beers Group, in partnership with United Nations (UN) Women, is pleased to announce the launch of a three-year capacity-building programme to improve the livelihoods of more than 1,200 women micro-entrepreneurs in Botswana, Namibia and South Africa. The programme is designed to equip women micro-entrepreneurs with business and management skills to build their confidence and […]

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De Beers completed the acquisition of Peregrine Diamonds for $82.36 million De Beers Group has completed the acquisition of Peregrine Diamonds at a purchase price of C$0.24 per share, for a total cash consideration of C$107 million (US$82.36 million). The acquisition includes the high quality Chidliak diamond resource in Canada’s Nunavut Territory and other properties […]

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