De Beers London has strengthened its global retail presence with the opening of a landmark flagship boutique in Paris, unveiling its largest store worldwide at 12 Rue de la Paix—one of the most prestigious addresses in high jewellery and luxury fashion. Spanning 464 square metres across three floors, the Paris flagship represents the first complete […]

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De Beers, in collaboration with Angola’s national diamond company Endiama, has revealed a major geological breakthrough—the discovery of a new kimberlite field in northeastern Angola, a promising indicator of potential diamond deposits. This marks De Beers’ first kimberlite field discovery in over 30 years and signals a major milestone for Angola’s diamond sector, where only […]

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De Beers and GJEPC held a meeting on 1st August in Mumbai to discuss strategies for bolstering the natural diamond market in India. The discussion centred around the need for education and awareness around natural diamonds. Ms. Shweta Harit, Global Senior VP, De Beers; Mr. Amit Pratihari, Vice President of De Beers Forevermark India; and […]

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Speculation is mounting over the future of loss-making diamond giant De Beers, as its parent company Anglo American faces a takeover bid from its bigger rival BHP. Luxury goods companies such as LVMH, Hermes or Richemont could ultimately end up owning the company that once enjoyed a 90 per cent monopoly on gem quality diamonds, […]

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De Beers is moving its auctions headquarters from Singapore to Botswana in a move designed to streamline its operations and cut costs. The UK-based miner sells around 10 per cent of its rough, by value, via online auctions to almost 1,000 registered buyers. The other 90 per cent is sold to sightholders. In a statement […]

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Geologists have made a breakthrough discovery that is saving time and money for diamond prospectors. They’ve established a link between the chemical composition of olivine, a mineral that makes up around half of kimberlite rock, and the likelihood that the kimberlite will be diamond-bearing. Andrea Giuliani, senior scientist at ETH Zurich’s Institute of Geochemistry and […]

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De Beers is resuming its rough diamond auctions next week for the first time since last September. The UK-based miner cancelled the online sales during its 9th and 10th sales cycles as demand slumped globally. Al Cook, CEO, said at the time that De Beers was suspending the auctions to help “re-establish equilibrium between wholesale […]

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Lightbox, the De Beers lab grown company, has signed exclusive supply deals with two jewelry brands. It is collaborating with US-based Roseate, which specializes in South Seas and Tahitian pearls, and Hong Kong-based The Future Rocks, a “future-forward” brand that explores the use of new materials. “Roseate and The Future Rocks are incredible creative and […]

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De Beers says its full-year production forecast for 2023 remains unchanged – at 30m to 33m carats – despite a 23 per cent drop in Q3 output. Most of that was because of its Venetia mine, in South Africa, switching from open-pit to underground production. Output there fell 78 per cent, from 1.65m carats in […]

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De Beers said rough diamond production for Q3 2023 decreased by 23% to 7.4 million carats, primarily due to the planned reduction in South Africa as Venetia transitions to underground operations and begins the ramp-up of production, as well as planned maintenance in Botswana. In Botswana, Q3 production decreased by 12% to 5.8 million carats, […]

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