Program aims to educate young consumers about mined stones’ positive qualities.
Reductions aren’t enough to ease profitability concerns, sightholders say.
For sale: Diamond miner with unprecedented political challenges operating in the toughest market for years.
Sales and output fell in first quarter due to sluggish market.
De Beers Group owner’s shares up 12% following offer.
Relocation from Singapore will bring business under same roof as sightholder sales.
Diamonds in China are underperforming other jewelry categories amid economic and cultural changes affecting Chinese consumer habits.
Revenue from rough diamonds rises from last sight, still falls 18% from a year ago.
Stuart Brown was also the CEO of Mountain Province and Firestone.
US and European clients demanding self-certification even for goods under 1 carat.
Impairment charge and lower average rough prices in flat market hurt bottom line.