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De Beers Rebrands Grading Unit
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The International Institute of Diamond Grading and Research(IIDGR) has changed its name to De Beers Group Industry Services to enableconsumers to clearly identify it as part of the De Beers group. “[The rebranding] will make things clearer and simpler...
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Polished Markets
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Jun 25, 2019
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Rapaport News
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De Beers Can Do More, Botswana Group Says
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A Botswana employers’ advocacy group has called out De Beers for failing to providesubstantial opportunities for the country’s businesspeople. “The benefits deriving from the diamond industry haveunfortunately not been enjoyed by Batswana entrepreneurs,” Gobusamang...
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Mining
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Jun 18, 2019
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Rapaport News
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De Beers Reduces Sightholder Supply
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De Beers sightholders are bracing for lower rough supplyfor the rest of 2019 as the miner reduces its production and fulfills itscommitments to support local manufacturing in Africa.The company expects production to drop as its Victor minein...
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Rough Markets
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Apr 08, 2019
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Joshua Freedman
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De Beers Closes Diamond-Reselling Unit
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De Beers is shutting its diamond-recycling division, as digital advancements in the sector have lessened the need for its services. The International Institute of Diamond Valuation (IIDV) wasset up in 2016 to repurchase and recycle diamond jewelry that...
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Polished Markets
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Apr 04, 2019
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Leah Meirovich
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De Beers Ready to Relax Its Provenance Rules
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De Beers is planning to loosen its source-disclosure restrictions for sightholders following requests for increased transparency, Rapaport News has learned.The company consulted with clients during this week’s sightin Botswana, proposing to let them refer...
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Rough Markets
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Dec 13, 2018
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Joshua Freedman
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Indian Demand Weak at $475M De Beers Sale
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Manufacturers were concerned about profitability at last week’s De Beerssight, and expressed hope their new supply agreement with the miner would easethe situation.De Beers had proceeds of $475 million during the October sales...
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Rough Markets
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Oct 17, 2018
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Joshua Freedman
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De Beers October Sight Estimated at $460M
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De Beers October sight closed with an estimated value of $460 million. The company reportedly lowered prices for several different categories of goods between 2 percent and 4 percent. Sightholders noted that De Beers also shifted the...
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Rough Markets
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Oct 14, 2014
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Ronen Shnidman
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