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De Beers Sight Box
Challenges Persist as De Beers Sees Red
De Beers suffered heavy losses in the first half of the year due to Covid-19, and cautioned that substantial challenges would remain for the diamond market.The diamond miner fell into the red for the...
Rough Markets Jul 30, 2020 Rapaport News
De Beers rough and polished
De Beers Optimistic After 2019 Earnings Slump
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...
Mining Feb 20, 2020 Rapaport News
Synthetic colored diamonds
De Beers Scores Partial CVD Patent Victory
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...
Financial-Legal Feb 09, 2020 Rapaport News
De Beers Veneita
Higher Costs Hit De Beers Profit
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...
Mining Feb 21, 2019 Rapaport News
De Beers’ Lightbox Chief Reveals 2019 Plans
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...
Retail Dec 27, 2018 Joshua Freedman
Element Six 150
De Beers Begins Building $94M Synthetics Center
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...
Manufacturing Jun 28, 2018 Rapaport News
De Beers Earnings Fall 150
De Beers Production to Peak in 2018
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,...
Mining Feb 22, 2018 Joshua Freedman
De Beers Orapa mine
Weaker Product Mix Dents De Beers Sales
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,...
Mining Jul 27, 2017 Rapaport News
De Beers Logo
De Beers 2015 Earnings -58% as Rough Demand Falls
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...
Mining Feb 16, 2016 Rapaport News
IIa Technologies
IIa Technologies Denies Infringement of Element Six Patents, Vows to Fight Claims
Lab-growndiamond producer IIa Technologies denied it infringed on patents owned by a DeBeers company and vowed to “challenge the validity” of the patents.Pledging to defend itself against claimsfrom De Beers synthetics business Element Six, Singapore-based IIa said itis...
Financial-Legal Jan 24, 2016 Rapaport News
Element Six
De Beers Subsidiary Starts Legal Action Against IIa Technologies for Patent Violation
ElementSix, De Beers' synthetics business, began legal action January 12 in Singapore against IIa Technologies,alleging an infringement of patents.Some patents for proprietary synthetic diamondproducts and their manufacturing method have been infringed, in particularSingapore patent numbers 115872...
Financial-Legal Jan 13, 2016 Rapaport News
De Beers Diamond Sorting
De Beers Revenue +15% to $4B
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,...
Rough Markets Jul 25, 2014 Jeff Miller
harwell oxford
Element Six Prepares to Open at the Global Innovation Center
Element Six will soon open its consolidated synthetic diamond research and development facility at the Global Innovation Center (GIC) at Harwell, near Oxford in the U.K. Opening ceremonies will be conducted by the U.K.'s Science...
Technology Jul 08, 2013 Jeff Miller
Element Six Technologies
Element Six Acquires Assets, Property of Group4 Labs
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....
Technology May 29, 2013 Jeff Miller
quantum network
Element Six, Delft Reach Milestone for a Diamond Quantum Network
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...
Technology May 03, 2013 Jeff Miller
Element Six Technologies
Element Six Reveals New Boron-Doped Synthetic Diamond Electrode
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...
Technology Mar 18, 2013 Jeff Miller
diamond speakers
Element Six Names Walter Huhn as CEO
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...
Technology Feb 27, 2013 Jeff Miller
DTC Botswana Building
De Beers Group Sales -16%, Earnings -49% in 2012
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...
Rough Markets Feb 15, 2013 Avi Krawitz
Element Six Opens Manufacturing Facility in California
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...
Technology May 23, 2012 Jeff Miller
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