De Beers News

De Beers’ diamond sales totaled $503 million in the most recent sales cycle

Forevermark plans to sell at least 250,000 diamonds in India by the end of 2019

De Beers has allowed its customers to defer rough allocations

Agarwal, once the biggest shareholder, will make about $500 million from the deal

Earnings before taxes decreased by 27% to $518 million in H1

Following “weaker trading conditions”, De Beers lowered its guidance to ~31 million carats

"A more challenging environment in China and higher than normal polished diamond inventories" to blame

De Beers' production has risen in most locations, except for Canada and South Africa

Chow Tai Fook follows in Signet Jewellers' footsteps

De Beers' rough sales pass $500 million after two weak cycles

De Beers has raised its diamond production forecast to 35-36 million carats in 2018

Botswana will demand to independently sell double the amount of rough

The value of rough diamonds sold by De Beers dropped to $440 million

According to buyers, De Beers lowered prices by as much as 10%

The move “brings the world’s two largest diamond producers together"

Diamond production fell 5% to 8.7 million carats as well as rough sale volumes

The value of rough diamonds sold dropped to $475 million

De Beers completed the acquisition of Peregrine Diamonds for $82.36 million