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De Beers Capitulates on Diamond Strategy With Big Price Cuts
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.
De Beers Sale Tested By The Persistent Fall In Diamond Prices
Jewelers know how difficult it has become to sell diamonds in a tough market but that’s a modest challenge compared with selling the world's premier diamond business.
De Beers closes 2024 with huge price cuts
Despite the challenging conditions, De Beers is aiming for annual core profits of $1.5 billion by 2028. Last year, however, it earned just $72 million — far below its historical range of $500 million to $1.5 billion, which the miner attributed to the diamond industry’s cyclical nature.
Anglo's De Beers diamond unit closes 2024 with big price cuts
De Beers diamond unit said Monday it is cutting prices by more than 10% across the board, as the world's biggest producer abandoned attempts to put a floor under one of the weakest markets in decades.
De Beers Slashes Diamond Prices by Up to 15% Amid Market Slump
De Beers, the world's largest diamond producer, has taken the unprecedented step of slashing prices by 10% to 15% at its final sale of the year, signaling a significant shift in strategy as the diamond market grapples with one of its deepest slumps in decades.
De Beers' Historic Price Reduction Signals Diamond Market Woes
De Beers, the world's largest diamond producer, has implemented significant price cuts as the diamond market faces challenges from synthetic diamonds and weakening demand.
De Beers Lowers Diamond Prices More Than 10%
Detailed price information for Bhp Billiton Ltd ADR (BHP-N) from The Globe and Mail including charting and trades.
IDEX Online
1d
De Beers Cuts Rough Prices
De Beers has reportedly lowered rough prices at its current sight in Gaborone, by as much as 15 per cent in some cases. It ...
INSTOREMAG
1d
De Beers Group Launches Holiday Campaign for Natural Diamonds
De Beers Group Launches Holiday Campaign for Natural Diamonds ‘Forever Present’ campaign revives the iconic A Diamond is ...
Mmegi
5d
De Beers sees surprise jump in festive sales
De Beers CEO, Al Cook, says initial diamond sales over the key holiday season are proving surprisingly stronger than expected ...
Miningreview
7d
De Beers: Safety is not a target; it’s a value
We borrow the men and women who work for us for a few hours a day and it is imperative we return them to their families in ...
money.rediff
5d
Tanishq to Use De Beers Tech for Diamond Verification
Tanishq will implement De Beers technology to validate diamond quality, boosting consumer confidence and expanding the ...
2d
on MSN
Amid Gen Z’s love of cheaper, lab-grown diamonds, a natural diamond giant slashes prices
De Beers, the world’s biggest producer of natural diamonds, has slashed its prices by 10% to 15%, Bloomberg reported. Blame ...
Intellinews on MSN
1d
Botswana throws the diamond industry a lifeline
By Richard Chetwode chairman of Namibian diamond mining company Trustco Resources in London In 1947 a young copywriter by the ...
1d
Global Coin Launches Exclusive "Purely Brilliant" 5 oz. Proof Gold Coin with Diamonds from the Royal Canadian Mint
Global Coin unveils a dazzling exclusive: the Purely Brilliant—5 oz. Proof Gold Coin with Diamonds, launching December 3, ...
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