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’ 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.

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’ Cook explains that the partnership with Signet is groundbreaking for his company. “We supply diamonds to many jewelry retailers. But this is unique in terms of its scale, ...

De Beers has been quietly selling rough diamonds at sharply marked-down prices to a small handful of customers, in a highly unusual move that’s fueling tensions across an industry already mired ...

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 produced 34.6 million carats in 2022 and its 2023 output is forecast in the 30 million to 33 million carat range. The company name of De Beers is displayed in Hong Kong, China September ...

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.

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 ...

Botswana and De Beers Group have agreed a new diamond sales deal in which the African country, the world's No. 1 diamond producer by value, gradually increases the share of rough stones it gets ...

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 ...