De Beers rises small diamonds price amid shortage

Mining News Pro - De Beers, the world’s top diamond producer by value, has once again increased the price of its smaller stones as sanctions on Alrosa (MCX: ALRS), its Russian rival, have worsened a global shortage caused by two years of covid-related shutdowns.

Diamond prices are spiking and even De Beers can’t fill the gap

Mining News Pro - Prices are surging in some corners of the rough-diamond market, as sanctions on one of the world’s two giant miners ripple through the supply chain. In the past, the industry could turn to behemoth De Beers to crank out extra gems when supply ran tight — but not this time.

Diamond prices are spiking and even De Beers can’t fill the gap

Mining News Pro - Prices are surging in some corners of the rough-diamond market, as sanctions on one of the world’s two giant miners ripple through the supply chain. In the past, the industry could turn to behemoth De Beers to crank out extra gems when supply ran tight — but not this time.

De Beers back to search for diamonds in Angola

Mining News Pro - De Beers, the world’s largest diamond miner by value, has inked two mineral investment deals with the Angolan government granting the company exploration rights for 35 years in the country’s northeast.

De Beers reassures market its diamonds do not come from Russia

Mining News Pro - Diamond major De Beers is encouraging retailers to “buy with confidence” by engaging with their suppliers to understand the origin of their diamonds, following an executive order by US President Joe Biden banning the importation of Russia-sourced diamonds into the US.

De Beers latest sale shows diamond demand remains strong

Mining News Pro - De Beers, the world’s top diamond producer by value, saw sales jump by 18% in the second cycle of 2022 compared to the same period last year, attesting to the industry’s consolidated recovery from the first pandemic-induced shutdowns.

De Beers returns diamond sights to Gaborone as travel opens up

Mining News Pro - De Beers is bringing its sales activities back to Botswana’s capital Gaborone, it said on Thursday, almost two years after the Covid-19 pandemic forced them to be held in cities including Antwerp and Dubai.

De Beers boosts production to meet recovering demand

Mining News Pro - De Beers, the world’s top diamond producer by value, saw production jump in the last quarter of 2021 by 15% to 7.7 million carats, as it boosted production to meet recovering demand.

De Beers makes diamond buyers cough up cash with fresh price rise

Mining News Pro - De Beers has implemented its biggest price increase for diamonds in years as the industry consolidates its recovery from the first pandemic-induced shutdowns.

Family who exited De Beers for $5 billion taps Asia’s rich

Mining News Pro - The family office for Nicky Oppenheimer and his son Jonathan has set up an outpost in Singapore to boost its Asia exposure and partner with the region’s wealthy.

De Beers to extend life of Namibia mines to 2042

Mining News Pro - Namdeb, a joint venture between the Namibian government and diamond giant De Beers, announced on Thursday the approval of new long-term business plan that will allow it to extend its land-based mines’ life by 20 years to 2042.

De Beers seventh sales cycle revenue amounts to $515m

Mining News Pro - Diamond miner De Beers sold an estimated $515-million of rough diamonds during its seventh sales cycle of the year.

Diamond sales at De Beers' Botswana unit rebound as global market recovers

Mining News Pro - De Beers' Botswana unit saw sales of rough diamonds rebound by 41% in the first half of 2021, driven by the reopening of key markets the United States and China, data from the Bank of Botswana showed on Thursday.

De Beers records strong sixth-cycle sales

Mining News Pro - Diamond miner De Beers Group sold about $510-million of rough diamonds in its sixth sales cycle of the year.

De Beers’ second-quarter rough diamond production up 134%

Mining News Pro - Diamond miner De Beers’ rough diamond production increased by 134% year-on-year to 8.2-million carats during the second quarter, which the miner says reflects “planned higher production” to meet stronger demand for rough diamonds.

De Beers pleads guilty to failing to report mercury monitoring results at Victor mine

Mining News Pro - In a resolution to a years-long dispute, De Beers Canada has plead guilty to one count of failing to report annual mercury monitoring results for the G2 station at Victor mine in 2014 as required under the mine’s Certificate of Approval.

De Beers overtakes Newmont to lead ESG ranking of global miners

Mining News Pro - The world’s biggest diamond producer may not be the first name that comes to mind in a ranking of top environmental, social and governance (ESG) performers. But that’s what the latest industry survey revealed.

De Beers overtakes Newmont to lead ESG ranking of global miners

Mining News Pro - The world’s biggest diamond producer may not be the first name that comes to mind in a ranking of top ESG performers. But that’s what the latest industry survey revealed.

De Beers` third diamond sales cycle nets $440m

Mining News Pro - Diversified miner Anglo American’s diamond mining business De Beers’ third sales cycle of rough diamonds for this year generated $440-million.

De Beers` sales rise on positive consumer demand for diamond jewellery

Mining News Pro - Diamond miner De Beers says good rough diamond demand continued during its second sales cycle for this year on the back of positive consumer demand for diamond jewellery.

De Beers hikes diamond prices again as revival keeps going

Mining News Pro - De Beers lifted diamond prices at its third consecutive sale as an industrywide recovery from the coronavirus pandemic gathers pace.

De Beers` first sales cycle nets $650m

Mining News Pro - Diamond miner De Beers sold $650-million of diamonds in the first sales cycle of this year.

De Beers` first sales cycle nets $650m

Mining News Pro - Diamond miner De Beers sold $650-million of diamonds in the first sales cycle of this year.

De Beers lowers 2021 output guidance

Mining News Pro - Diamond miner De Beers has revised its production guidance for 2021 downwards to between 32-million and 34-million carats, from the previous target of 33-million to 35-million carats, amid ongoing operational challenges and expected lower production from the final cut at its Venetia mine, in South Africa`s Limpopo province.

Elite diamond-buying club shrinks as De Beers culls old clients

Mining News Pro - De Beers has cut off some of its long-term diamond buyers, marking one of the biggest shakeups in the way the miner sells gems since the end of its monopoly 20 years ago.

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