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De Beers is sitting on a $2 billion pile of diamonds as demand slumps — ‘It’s been a bad year’
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." ...
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Forget bling, De Beers has found a surprising use for lab-grown diamonds outside of luxury jewelry, and business is booming
De Beers is synonymous with diamonds, having coined the phrase “diamonds are forever” back in 1947. However, the company’s own business in precious stones has been in jeopardy following ...
Anglo Starts Talks With Banks on Possible De Beers IPO
Anglo American Plc has begun initial talks with banks about listing its De Beers diamond unit, according to people familiar ...
AOL1mon
Chinese retailers are offloading polished diamonds as demand tanks, adding to a $2 billion inventory headache for De Beers
Anglo American’s troubled ownership of the De Beers group was brought into fresh focus on Thursday as the mining company announced a fresh multibillion-dollar write-down of the diamond group it ...
The Hindu6d
De Beers targets teenagers in new campaign for natural diamonds
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 ...
U.S. News & World Report1mon
Botswana, De Beers Sign Long-Delayed Diamonds Deal
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 ...
Zawya1mon
Botswana and De Beers'; marketing push to revive diamond demand
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 ...
中国日报网1mon
Botswana, De Beers sign renewed 10-year diamond sales agreement
Representatives of Botswana and De Beers Group attend a signing ceremony of a diamond sales agreement in Gaborone, Botswana, on Feb 25, 2025. [Photo/Xinhua] GABORONE - After eight years of ...
Mining5d
Anglo starts talks with banks on possible De Beers IPO
Anglo American Plc has begun initial talks with banks about listing its De Beers diamond unit, according to people familiar with the matter, as the company looks to move ahead with the final and ...
Yahoo Finance8d
Anglo Starts Talks With Banks on Possible De Beers IPO
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.
Seeking Alpha7d
Anglo American starts talks with banks on possible De Beers IPO - Bloomberg
Anglo American (OTCQX:AAUKF) (OTCQX:NGLOY) has launched talks with major banks about listing its De Beers diamond unit, Bloomberg reported Wednesday, as the company looks to move ahead with the ...