Can De Beers make diamonds forever again?
So … diamonds are forever, you say. Are we sure about that? The diamond market has, over the past few years, seen a cataclysmic shift that threatens its foundations to the core…
Diamonds to stay in Anglo Teck until anti-trust approval
IT was goodbye. As chair Stuart Chambers opened the interim results presentation recently for Anglo American, which is due to merge with Canada’s Teck Resources, he said: “I have…
Anglo boss admits diamond industry misread lab-grown threat
ANGLO American CEO Duncan Wanblad acknowledged De Beers and the wider diamond industry underestimated the disruption caused by laboratory-grown gems, the Financial Times reported…
Why De Beers opted to shut Venetia diamond mine
DE Beers is preparing to shutter South Africa’s largest diamond mine for two years, threatening thousands of jobs and removing roughly two-fifths of the country’s diamond…
De Beers to close lab grown business
DE BEERS is closing its lab-grown business after saying earlier it had stopped selling the stones as jewellery. Citing the diamond company’s CEO Al Cook, Bloomberg News said on…
Listing De Beers is the only way out for Anglo American
RECENT reports suggest Anglo American is exploring listing options for De Beers. In my opinion, this is the only route that Anglo can realistically pursue for the separation of…
Diamonds are back but industry optimists forget consumers are always changing
GIVEN the choice and the money, which would you prefer: a holiday in the south of France or a new diamond? In the grip of winter, the idea of gently sipping a Grand Cru Bourgogne…