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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 ...
THE WEEK1mon
The diamond market is losing its shine
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 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 ...
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 ...
Yahoo Finance10d
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.