Anglo American ‘Likely’ to Devalue De Beers Again
Parent company slashes diamond miner’s production plan by 10 million carats.
Renowned for its iconic “A Diamond Is Forever” campaign, De Beers has been a cornerstone of the diamond industry for decades. The South African-British corporation, a subsidiary of Anglo American, is a global leader in diamond exploration, mining and marketing, accounting for around a third of global rough supply. It also has ventures in the retail, technology and grading sectors.
De Beers frequently makes industry headlines for its production and pricing strategies, its Lightbox brand of lab-grown diamond jewelry, and its important relationships with governments in Botswana and elsewhere. Browse Rapaport articles about De Beers below.
Parent company slashes diamond miner’s production plan by 10 million carats.
Parties will sign agreement after final government approval, until which the terms of the existing contract will remain in place.
Mining giant and African nation have finally tied up long-awaited deal’s loose ends.
The miner faces competing pressures as the focus shifts to negotiations with Botswana.
Talks drag on amid Anglo American’s plans to divest from the diamond miner.
Botswana gold medalist Letsile Tebogo will highlight the transformative power of natural diamonds.
Limited exemption applies to natural polished under 0.25 carats.
Eyal Axelrod of consultancy Lexa International analyzes the supply chain.
Two suspects are still on the run, while one is in custody and another is dead.