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Diamond giant De Beers slashed the price of its lab-grown rocks by nearly 40%, citing their plummeting wholesale prices, the London-based company said Friday. The man-made gems, ...
De Beers, the company that coined the slogan “diamonds are forever,” wants to make a splash in retail to compete with the likes of Tiffany and Cartier.
De Beers is closing its lab-grown diamond jewelry business, Lightbox, it said on Thursday. The move signals the brand's commitment to natural gems.
Diamond giant De Beers slashed the price of its precious solitaires amid plunging sales as bargain-hunting fiancées increasingly opt for cheaper lab-grown gems. Among De Beers’ larger stones,… ...
De Beers has introduced engagement rings to its Lightbox line reserved for lab-grown diamond fashion jewelry. It has implications for both LGD and mined diamond markets.
De Beers’ Gresham factory employed 60 people when it opened in 2020. The company didn’t respond Friday to inquiries about how many people work there now and whether staffing levels will change.
A rep for De Beers tells PEOPLE that the $36,000 De Beers Arpeggia One Line diamonds earrings Taylor Swift has been wearing were a gift from the jeweler after she wore the sparkly accessory to the ...
De Beers is targeting annual core profits of $1.5 billion by 2028. Last year, the business made just $72 million, though traditionally its profits have ranged between $500 million and $1.5 ...
De Beers Group has amassed its biggest stockpile of diamonds since the 2008 financial crisis, laying bare the group’s challenge in reviving demand for jewels long seen as the pinnacle of luxury.
De Beers had annual capital expenditure of $524mn on average in the six years through 2023. That may be manageable for LVMH, but is probably still not desirable.
De Beers has cut diamond prices by more than 10% across the board as the world’s biggest producer abandons attempts to put a floor under the slumping market.