Anglo American chief admits selling De Beers is biggest challenge
WEBJun 1, 2024 · Anglo American chief executive Duncan Wanblad has admitted that selling the diamond business De Beers will be the hardest part of a radical restructuring the miner must deliver after rejecting...
De Beers Is Eager To Go It Alone As Anglo American Divests Its ... - Forbes
WEBMay 18, 2024 · De Beers CEO Al Cook looks forward to guiding the company in the evolving diamond jewelry market. Anglo American announced it will divest its De Beers diamond holdings.
De Beers Stops Producing Lab-Grown Diamonds For Jewelry And ... - Forbes
WEBJun 5, 2024 · De Beers draws a red line in the sand by committing its jewelry resources to natural diamonds and pivoting lab-grown diamond production to industrial uses.
De Beers is very much a diamond in a rough space - Financial Times
WEBJun 6, 2024 · What is harder than a diamond? Selling them. Natural stones keep slipping in value as synthetically produced diamonds disrupt this luxury market. Anglo American has promised to spin off its De...
De Beers’ Lightbox Cuts Prices On Lab-Grown Diamonds Up To 37% - Forbes
WEBMay 10, 2024 · Lightbox. Lab-grown diamond brand, Lightbox, has permanently reduced its prices to as low as $500 per carat, from a previous price of $800 per carat, for the brand’s standard range of lab-grown...
Company News - De Beers
WEBDec 4, 2023 · De Beers Group today announced its new organisational structure and Executive Committee. The structure is designed to deliver De Beers’ strategy, generating sustainable profitable growth and building on the company’s leading position in …
Anglo American to spin off De Beers as BHP takeover pressure …
WEBMay 14, 2024 · Anglo American shares fell over 3% early Tuesday after it announced plans to spin off its highly prized De Beers diamond business. The British miner said that its famed diamond business could...
Botswana and De Beers Sign Deal to Continue Rich Diamond …
WEBJul 1, 2023 · A Botswana government official and the chief executive of De Beers, the international diamond conglomerate, signed interim agreements on Saturday to continue a lucrative, decades-long diamond...
De Beers sales hit decade-long low as pandemic stifles demand
WEBDec 17, 2020 · De Beers has suffered its worst year of diamond sales in almost a decade as the global pandemic led to a collapse in demand. The miner reported 2020 sales of $2.7bn, the lowest level since at...
De Beers delivers first production from $2.3 billion underground …
WEBJul 25, 2023 · Global diamond giant De Beers on Tuesday reported its first production from its new $2.3 billion underground operations at Venetia mine in South Africa.
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