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Profit Margins Improve at $425M De Beers Sale
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De Beers’ rough sales totaled $425 million in December,the highest since April, as lower price levels and better profit marginsspurred an upturn in demand from sightholders. Buyers are returning to the market after six months ofsluggish...
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Rough Markets
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Dec 18, 2019
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Joshua Freedman
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De Beers Rough Prices Decline 5% in 2019
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A drop in rough-diamond prices and a sales shift tolower-value items weighed on De Beers’ profitability in the second half,according to executives at parent company Anglo American. The miner’s rough-price index fell around 5% year onyear for the first...
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Mining
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Dec 16, 2019
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Rapaport News
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De Beers to Build $468M Diamond-Mining Ship
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De Beers will increase production at Debmarine Namibia by 500,000 carats per year through the construction of a new diamond-recovery vessel, it said Thursday. The ship, the seventh in De Beers’ fleet, will increase annual output from the...
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Mining
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May 16, 2019
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Rapaport News
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De Beers Value Proposition
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The analyst presentation that De Beers published this week on behalf of Anglo American was as revealing as the company’s much publicized Diamond Insight Report. Whether this was a once-off publication or not, the presentation was another...
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Mining
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Nov 06, 2014
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Avi Krawitz
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Anglo's Diamond Division
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Mark Cutifani, the CEO of Anglo American, was visibly pleased with Philippe Mellier during Anglo’s recent earnings presentation. De Beers was a star performer for the diversified mining conglomerate during the first six...
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Rough Markets
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Aug 01, 2014
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Avi Krawitz
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Cutifani Says Plans Don't Include Selling Diamond Business
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Anglo American reported that it will not be selling its diamond and platinum businesses over the next year or two, according to The Wall Street Journal. "On a one- to two-year view, it is not part of the plan," said Mark Cutifani, the company’s CEO. He did, however, note that,...
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Rough Markets
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Dec 16, 2013
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Sonya Burlan
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Anglo or Sightholders
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De Beers is a different company than it was a year ago when Anglo American bought out the Oppenheimer’s stake in the business. The group’s interim results that were published last week, while offering a mixed review...
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Rough Markets
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Aug 02, 2013
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Avi Krawitz
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Rough Forward Contracts
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The decision by De Beers to introduce forward contract sales through its auction platform is a stunning development in the rough diamond market. The announcement comes 11 months since Anglo American became the 85 percent majority owner of De Beers...
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Rough Markets
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Jul 12, 2013
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Avi Krawitz
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Anglo American Appoints Mark Cutifani as CEO
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Anglo American has appointed Mark Cutifani as its new chief executive officer (CEO) to replace Cynthia Carroll. Cutifani, who is currently CEO of AngloGold Ashanti Ltd., will begin his new position on April 3, while Carroll...
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Rough Markets
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Jan 08, 2013
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Dilipp S Nag
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