De Beers Group announced yesterday it would start providing enhanced transparency regarding diamonds purchased from its Sight sales by introducing a “diamonds from DTC” (DTC = Diamond Trading Company) source of origin claim. Diamonds from the DTC come from mines and recovery areas in Botswana, Canada, Namibia and South Africa. The idea is to support […]

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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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The Namibia Diamond Trading Company (NDTC), a joint venture between the Government of Namibia and De Beers, yesterday said that following the retirement of its long-standing CEO Shihaleni Ellis Ndjaba, it had appointed Brent Eiseb, formerly NDTC’s Senior Manager, Sales and Marketing as the new CEO. Ndjaba had held the post since NDTC was set […]

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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 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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The De Beers Group has announced that it is preparing to pilot a program called GemFair to create a secure and transparent route to market for ethically-sourced artisanal and small-scale mined (ASM) diamonds. GemFair will use dedicated technology to record ASM production at mine sites that meet demonstrable ethical standards, with the aim of purchasing […]

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