Diamond giant De Beers has seen its stockpile reach $2 billion, the biggest since the 2008 financial crisis, according to the Financial Times. "It’s been a bad year for rough diamond sales." ...

De Beers, the world's biggest diamond company, announced at the end of May that it will start selling synthetic diamonds as jewellery for the first time. Such diamonds are chemically identical to ...

But the market does have the potential to make a comeback. De Beers, one of the biggest players in the diamond market, is feeling burnt by the lowering price of diamonds. The company "amassed its ...

Anglo American Plc has begun initial talks with banks about listing its De Beers diamond unit, according to people familiar ...

De Beers group has progressively become a drag. The price of rough diamonds has been falling amid weakening demand post-COVID-19 and a surge in popularity for lab-grown rocks among younger ...

De Beers largest diamond stockpile since 2008 shows challenges from weak Chinese demand and growing lab-grown diamond competition. The company is cutting supply and ramping up marketing ahead of a ...

De Beers Group is targeting teenagers in India, especially girls in the age group of 16 and 18, to grow its natural diamond sales in the country which has emerged is the world’s second largest ...

As global diamond sales continue to decline, Botswana and De Beers have announced a strategic marketing initiative aimed at reinvigorating consumer interest in natural diamonds. This move comes amid a ...

GABORONE (Reuters) - Botswana's government on Tuesday signed a long-delayed 10-year diamonds sales agreement with Anglo American unit De Beers adding a possible extension period of five more years ...

Read: Crisis at De Beers Is a Warning for $80 Billion Diamond Market Anglo recently took a $2.9 billion impairment on the value of De Beers, after last year announcing a $1.6 billion writedown.