The De Beers Group has reported an increase in revenue for 2018, a performance the company describes as “robust” despite a number of headwinds. Total revenue for the year increased by 4% for $6.1bn (£4.7bn), with rough diamond sales increasing by 4% to $5.4bn. This was driven by improved consumer demand for diamond jewellery and […]

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De Beers today announced that it had provisionally sold $540 million worth of rough diamonds in its 10th and last sales cycle of 2018. This compares with the $455 million in rough actually sold in the 10th cycle of 2017. It is also a hefty jump over the $442 million actually sold in Cycle 9 […]

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De Beers announced it has officially launched its education partnership with the National Gemstone Testing Centre (NGTC), a leading China authority in the testing and inspection of gems and jewellery, extending the accessibility of De Beers’ diamond education courses to students in China. The partnership, which was announced in September last and originally slated for […]

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De Beers sold rough diamonds with a provisional value of $440 million in the ninth sales cycle (Global Sightholder Sales and Auction Sales) of 2018. The sales figure is the lowest sales figure reported by the miner so far this year and the second consecutive sale below the $500 million mark. The miner reported confirmed […]

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De Beers Group has successfully tracked 100 high-value diamonds along the value chain from mine to retail as part of its pilot for Tracr™, the name given to its new industry blockchain platform, the group said in a release today. The pilot created an immutable and secure digital trail for a selection of rough diamonds […]

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De Beers production figures for the first quarter of 2018 show that the Group’s production increased by 15% in the period to touch 8.5 million carats, as compared to 7.4 million carats produced in the same period of the previous year. The rise includes the impact of the ramp-up of production from Gahcho Kué in […]

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De Beers Group today announced that sales (Global Sightholder Sales and Auction Sales) for Cycle 1, 2018 stood at US$ 665 million. Though this is a provisional figure, it is far below (actual) sales for Cycle 1, 2017 worth US$ 729 million. Cycle 1, 2018 sales were however, higher than (actual) sales of US$ 455 […]

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