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De Beers Optimistic After 2019 Earnings Slump
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De Beers gave a positive outlook for 2020 due to an improvement in the industry’s inventory situation, despite growing concerns about Chinese demand.Early data from the holiday season indicate midstream stock levels are more balanced...
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Mining
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Feb 20, 2020
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Rapaport News
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De Beers Scores Partial CVD Patent Victory
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A court has awarded a limited victory to De Beers’ synthetic-diamond production unit in a patent dispute with Singapore-based grower IIa Technologies.IIa infringed an Element Six patent related to diamond material that’s usable for lab-grown diamond jewelry and...
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Financial-Legal
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Feb 09, 2020
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Rapaport News
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Higher Costs Hit De Beers Profit
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De Beers’ earnings fell in 2018 due to the costs of new initiatives such asits Lightbox synthetics business.Underlying earnings slid 34% to $349 million, as capital expenditure rose 53% to $417 million for the year, the company...
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Mining
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Feb 21, 2019
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Rapaport News
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De Beers’ Lightbox Chief Reveals 2019 Plans
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De Beers shocked the industry in May by announcing it would launcha line of fashion jewelry featuring laboratory-grown diamonds. Lightbox Jewelrystarted selling the products online in September, and it’s now looking atexpansion options.The main opportunity to develop...
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Retail
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Dec 27, 2018
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Joshua Freedman
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De Beers Begins Building $94M Synthetics Center
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De Beers subsidiary Element Six has started work on its new$94 million lab-grown-diamond facility just outside Portland, Oregon. The factory will manufacture synthetic diamonds exclusivelyfor De Beers’ new fashion-jewelry brand, Lightbox Jewelry. The...
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Manufacturing
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Jun 28, 2018
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Rapaport News
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De Beers Production to Peak in 2018
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De Beers expects its production to hit a high point in 2018 as anumber of its mines approach the end of their life span, CEO BruceCleaver told Rapaport News. The company is planning production of 34 million to 36million carats in 2018,...
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Mining
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Feb 22, 2018
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Joshua Freedman
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Weaker Product Mix Dents De Beers Sales
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De Beers’ revenue fell in the first half of 2017 asrestocking by Indian manufacturers resulted in the miner selling a greaterproportion of lower-value goods than a year ago.Total revenue declined 4% to $3.13 billion, withrough-diamond sales down 6.5% to $2.9 billion,...
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Mining
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Jul 27, 2017
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Rapaport News
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De Beers 2015 Earnings -58% as Rough Demand Falls
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DeBeers underlying earnings before interest and tax (EBIT) slumped 58 percent to$571 million in 2015 as demand for rough diamonds weakened and revenue fell.Tighter operating cost control and favorable exchange ratespartly offset the...
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Mining
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Feb 16, 2016
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Rapaport News
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Financial-Legal
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Jan 24, 2016
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Rapaport News
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Financial-Legal
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Jan 13, 2016
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Rapaport News
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De Beers Revenue +15% to $4B
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Anglo American's group underlying earnings rose 3 percent to $1.284 billion for the first half that ended on June 30 and De Beers contribution of $469 million reflected an increase of 59 percent. The second greatest contribution to Anglo's profit,...
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Rough Markets
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Jul 25, 2014
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Jeff Miller
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Technology
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Jul 08, 2013
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Jeff Miller
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Element Six Acquires Assets, Property of Group4 Labs
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Element Six acquired the assets and intellectual property of Group4 Labs Inc., a semiconductor wafer materials company that manufactured Gallium Nitride (GaN), an on-diamond semiconductor technology for radio frequency (RF) and high-power devices....
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Technology
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May 29, 2013
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Jeff Miller
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Element Six, Delft Reach Milestone for a Diamond Quantum Network
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Element Six, in collaboration with Delft University of Technology, achieved the entanglement of electron spin qubits (quantum bits) in two synthetic diamonds separated in space. This breakthrough is a major step toward achieving a diamond-based quantum network, quantum...
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Technology
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May 03, 2013
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Jeff Miller
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Element Six Reveals New Boron-Doped Synthetic Diamond Electrode
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Element Six, a subsidiary of De Beers, engineered DIAFILM EA (electroanalysis grade) in collaboration with The University of Warwick. The free-standing, solid boron-doped microwave chemical vapor deposition (CVD) diamond electrode is expected to transform sensing technologies, allowing the...
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Technology
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Mar 18, 2013
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Jeff Miller
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Element Six Names Walter Huhn as CEO
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The board of Element Six, a De Beers Group company, appointed Walter Hühn as the company's CEO, effective March 8, 2013. Huhn joined Element Six in 2008 to lead the advanced materials division and then he became director...
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Technology
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Feb 27, 2013
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Jeff Miller
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De Beers Group Sales -16%, Earnings -49% in 2012
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De Beers group sales fell 16 percent to $6.1 billion in 2012 as rough diamond prices dropped 12 percent during the year. Underlying earnings slumped 49 percent to $506 million.“Although rough diamond prices remained broadly stable in the first...
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Rough Markets
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Feb 15, 2013
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Avi Krawitz
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Element Six Opens Manufacturing Facility in California
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Element Six, an independently operated firm owned by De Beers and Umicore, opened its first U.S. manufacturing facility in Silicon Valley, south of San Francisco, California. The facility will house employees in the production, technical and...
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Technology
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May 23, 2012
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Jeff Miller
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