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Bruce Cleaver De Beers
New De Beers Chief Calls for Trade Collaboration
Bruce Cleaver, the new chief executive officer of De Beers,underlined the importance of partnerships in tackling the diamond sector’schallenges in his first public statement since taking over.The industry’s ability to collaborate is one of the reasonsit has been...
Mining Jul 11, 2016 Rapaport News
Philippe Mellier
Philippe Mellier Resigns as De Beers CEO
Philippe Mellier stepped down as chiefexecutive officer of De Beers with Bruce Cleaver appointed to replace him, thecompany announced Friday.Mellier decided to leave thediamond miner five years after joining fromFrench transport group Alstom and will...
Mining May 29, 2016 Rapaport News
Philippe Mellier
Stronger Rough Demand Propels De Beers April Sales Cycle to $660M
De Beers reported sales of rough diamonds jumped to $660million in its April cycle as stability in both polished prices and wholesale activitysupported solid demand.Sales were 7percent above the February second-cycle revenue, which was revised up to $617million....
Rough Markets Apr 12, 2016 Rapaport News
Philippe Mellier
De Beers CEO Hints at Sight Changes, Continued Flexibility in 2016
De Beers will “continue to focus on being flexible” in itssightholder sales after offering measures including deferrals of goods atcontract sales last year.The miner let buyers defer allocationsat its November sight to December or bring the following...
Rough Markets Jan 24, 2016 Rapaport News
De Beers Sets New Ad Program to Stoke Holiday Demand
De Beers will make what it described as “a major investment” in marketing to increase consumer demand in the U.S. and China during the year-end holiday season, according to a company announcement today.The company didn’t specify the amount it would...
Retail Aug 25, 2015 Rapaport News
Philippe Mellier
Mellier: Sustainable Returns are Key to Industry Investment
Press Release: Addressing the second day of the World Federation of Diamond Bourses (WFDB) and International Diamond Manufacturers Association (IDMA) presidents meeting in Tel Aviv, Philippe Mellier, the CEO of De Beers Group, said that...
Rough Markets Jun 16, 2015 De Beers
DTC Botswana Building
Philippe Mellier Addresses Sightholders in Gaborone
The following speech was delivered today by Philippe Mellier, the CEO of De Beers Group, during a cocktail reception for sightholders in Gaborone, Botswana. Your honor the vice president, honorable ministers, permanent secretary to the president,...
Rough Markets Jan 20, 2015 De Beers
Trading at JCK
The 18 Inch Diamond Dream
On the sidelines of the JCK Las Vegas show, a deeper conversation was taking place than the usual negotiation for goods. Numerous educational seminars and keynote addresses urged businesses to move beyond simple product...
Polished Markets Jun 13, 2014 Avi Krawitz
Rough Processing
Rough Price Illusions
Philippe Mellier this week threw down the gauntlet to the diamond industry, and sightholders in particular. The De Beers CEO told Bloomberg News that the company plans to raise rough diamond prices by 5 percent every...
Rough Markets May 09, 2014 Avi Krawitz
Jwaneng operation
Anglo or Sightholders
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...
Rough Markets Aug 02, 2013 Avi Krawitz
Jwaneng Mine, Botswana
De Beers Maintains Low Diamond Supply
De Beers will be unable to meet sightholder demand for the next six months due to a shortfall in production, according to its chief executive, Philippe Mellier. “We will have shortfalls for the rest of the intention to offer...
Rough Markets Sep 20, 2012 Avi Krawitz
Jwaneng Mine, Botswana
Lower Diamond Production
Predicting the diamond market can be tricky at times, particularly for those on the supply ‎side of the pipeline. Miners, generally loath to scale down operations, have ‎understandably been treading cautiously in 2012.‎The pledge made last...
Mining Jul 27, 2012 Avi Krawitz
De Beers CEO
Philippe Mellier Receives Order of Friendship Award
Press Release: Philippe Mellier, the chief executive of De Beers Group, received the prestigious Order of Friendship Award from His Excellency Alexandre Orlov, Ambassador of the Russian Federation, in honor of his contribution to Franco-Russian relations in the...
Rough Markets Mar 30, 2012 De Beers
Philippe Mellier
Zimbabwe Diamonds Won’t Affect De Beers, Says Mellier
The large quantities of rough diamonds from Zimbabwe’s Marange mines currently entering the market will have little impact on demand for De Beers goods or its prices, Philippe Mellier, De Beers chief executive, told Rapaport...
Rough Markets Feb 12, 2012 Avi Krawitz
Jwaneng Operations
De Beers Sales Exceed $7B in 2011, Earnings Soar
De Beers group sales jumped 26 percent year on year to $7.38 billion in 2011 driven by strong rough diamond price growth in the first half of the year. The company noted that prices at its Diamond Trading Company...
Mining Feb 10, 2012 Avi Krawitz
Philippe Mellier
Mellier: We Deal With a Product of Enduring Value
The following transcript was from a speech delivered to Diamond Trading Company sightholders in London this past evening by Philippe Mellier, the chief executive of De Beers Group. Thank you Cynthia, and thank you Nicky. Along...
Rough Markets Jan 25, 2012 Philippe Mellier
Gareth Mostyn
De Beers Appoints Anglo's Mostyn as New CFO
De Beers has appointed Gareth Mostyn, the current head of corporate finance at Anglo American, as its new chief financial officer (CFO). He will assume the new role on February 1, replacing Stuart Brown who left the...
Mining Jan 19, 2012 Avi Krawitz
Rough Diamonds
Diamond Leadership
It may still be early to assess what shareholder intentions were when they sought out a new chief executive officer (CEO) for De Beers. Chairman Nicky Oppenheimer’s directive was most likely to add value to the company...
Rough Markets Oct 28, 2011 Avi Krawitz
Philippe Mellier
De Beers CEO Dismisses Uncertainty, Forecasts Growth
Philippe Mellier, the newly appointed chief executive of De Beers, downplayed concerns that negative sentiment in global financial markets will impact diamond demand despite the recent declines in rough and polished diamond trading.“I don’t...
Rough Markets Oct 24, 2011 Avi Krawitz
Jwaneng Operations
De Beers Lowers 2011 Production Forecast
De Beers lowered its production forecast for 2011 as maintenance and asset management issues, aggravated by heavy rainfall in southern Africa, resulted in lower-than-expected output in the first half of the year. Management told Rapaport News they...
Mining Jul 26, 2011 Avi Krawitz
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