De Beers

News & Analysis

Diamond Miners Stuck With Inventory Worth Billions

7 June 2020 • By Bloomberg

7 June 2020 • By Bloomberg

The five biggest producers are estimated to be sitting on excess stock worth about $3.5 billion, which could increase to $4.5 billion — or about one-third of annual rough-diamond production — by the end of the year.

News & Analysis

Diamond Miners Stuck With Inventory Worth Billions

The five biggest producers are estimated to be sitting on excess stock worth about $3.5 billion, which could increase to $4.5 billion — or about one-third of annual rough-diamond production — by the end of the year.

Power Moves | Macy’s CFO Resigns, Asos Names Chief Strategy Officer

9 April 2020 • By Rachel Deeley

This week, Paula Price steps down after less than two years as Macy’s CFO, while Asos hires a McKinsey partner to lead on strategy.

Power Moves | Macy’s CFO Resigns, Asos Names Chief Strategy Officer

This week, Paula Price steps down after less than two years as Macy’s CFO, while Asos hires a McKinsey partner to lead on strategy.

BoF Professional Exclusive

A Post-Pandemic Guide to WeChat

26 March 2020 • By Zoe Suen

BoF Professional Exclusive

A Post-Pandemic Guide to WeChat

New customer service and video features are prompting luxury brands like Prada, Dior and Louis Vuitton to fine-tune their strategies for China’s most dominant tech platform.

How Divorce Became Big Business for Hard Luxury Brands

16 March 2020 • By Zoe Suen

How Divorce Became Big Business for Hard Luxury Brands

Fine jewellery used to be all about the marriage proposal. But now, the likes of Bulgari and De Beers are serving consumers on the other side.

De Beers to Sell Lab-Grown Diamonds in Stores

10 October 2019 • By Cathaleen Chen

10 October 2019 • By Cathaleen Chen

The mining giant once opposed marketing synthetic stones to consumers but started selling them online last year under a new brand, Lightbox.

De Beers to Sell Lab-Grown Diamonds in Stores

The mining giant once opposed marketing synthetic stones to consumers but started selling them online last year under a new brand, Lightbox.

News & Analysis

De Beers Diamond Sales Fall 39 Percent in a Year

3 October 2019 • By Bloomberg

3 October 2019 • By Bloomberg

The jeweller's sales data indicates that 2019 is one of the worst years for the diamond industry in a long time.

News & Analysis

De Beers Diamond Sales Fall 39 Percent in a Year

The jeweller's sales data indicates that 2019 is one of the worst years for the diamond industry in a long time.

News & Analysis

De Beers Allows Customers to Reject Small Diamonds to Appease Surplus Crisis

14 August 2019 • By Bloomberg

14 August 2019 • By Bloomberg

As demand for diamond jewellery is stagnant and high stocks of polished gems cuts margins, De Beers has told customers they can refuse to buy stones that are smaller than three-quarters of a carat.

News & Analysis

De Beers Allows Customers to Reject Small Diamonds to Appease Surplus Crisis

As demand for diamond jewellery is stagnant and high stocks of polished gems cuts margins, De Beers has told customers they can refuse to buy stones that are smaller than three-quarters of a carat.

News & Analysis

De Beers Diamond Sales Plunge Again

25 June 2019 • By Bloomberg

25 June 2019 • By Bloomberg

Diamond miners are facing a mini crisis as demand remains weak, while supply, especially for smaller and cheaper stones, is abundant.

News & Analysis

De Beers Diamond Sales Plunge Again

Diamond miners are facing a mini crisis as demand remains weak, while supply, especially for smaller and cheaper stones, is abundant.

News & Analysis

De Beers Says the Diamond Market Is Getting Better

12 April 2019 • By Bloomberg

12 April 2019 • By Bloomberg

The world’s biggest diamond company said poor demand for stones valued at less than $100 a carat has been due to a surfeit of supply, currency weakness in India and difficulty for gem cutter's seeking finance.

News & Analysis

De Beers Says the Diamond Market Is Getting Better

The world’s biggest diamond company said poor demand for stones valued at less than $100 a carat has been due to a surfeit of supply, currency weakness in India and difficulty for gem cutter's seeking finance.

News & Analysis

Lab-Grown Diamond Prices Slide as De Beers Fights Back

21 December 2018 • By Reuters

21 December 2018 • By Reuters

In its recent decision to use lab-grown gems, the 130-year-old jewellers risks undermining the market for natural diamonds.

News & Analysis

Lab-Grown Diamond Prices Slide as De Beers Fights Back

In its recent decision to use lab-grown gems, the 130-year-old jewellers risks undermining the market for natural diamonds.