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Alrosa

Anglo ditching De Beers is hard blow for troubled diamond market

by David Johnson
Anglo ditching De Beers is hard blow for troubled diamond market

By Bloomberg Published May 15, 2024 The diamond industry has already been feeling the heat. Prices have slumped, Russian sanctions are threatening trade and the emergence of lab-grown gems is …

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Anglo could take writedown on De Beers after diamond slump

by Lionel Rogers
Anglo could take writedown on De Beers after diamond slump

By Bloomberg Published Feb 9, 2024 Anglo American Plc said it could take an impairment on its De Beers diamond unit after the sector was hit by a collapse in …

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De Beers warns diamond recovery will be slow after terrible year

by Lionel Rogers
De Beers warns diamond recovery will be slow after terrible year

By Bloomberg Published Feb 7, 2024 De Beers expects any recovery in the beleaguered diamond market to be slow and gradual as the industry continues to suffer from weak economic …

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De Beers cuts diamond prices to revive sales

by David Johnson
De Beers cuts diamond prices to revive sales

By Bloomberg Published Jan 15, 2024 De Beers made big cuts to its diamond prices as the world’s top producer tries to revive gem sales after the market ground to …

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Diamond sales slowly restart after efforts to halt price crash

by Lionel Rogers
Diamond sales slowly restart after efforts to halt price crash

By Bloomberg Published Dec 18, 2023 The world’s two biggest diamond miners are selling stones again after the industry all but halted supplies in a desperate attempt to stop a …

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EU adopts new sanctions against Russia, focusing on diamonds

by Walter Watson
EU adopts new sanctions against Russia, focusing on diamonds

The European Union Council has adopted a 12th package of sanctions against Russia, the European Commission said in a statement on Monday, after Austria gave its final approval over the …

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De Beers will stockpile unsold diamonds after prices tumble

by Lionel Rogers
De Beers will stockpile unsold diamonds after prices tumble

By Bloomberg Published Nov 13, 2023 De Beers plans to stockpile unsold diamonds after the world’s biggest producer responded to plunging prices by allowing its buyers to refuse to purchase …

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The diamond world takes radical steps to stop a pricing plunge

by Lionel Rogers
The diamond world takes radical steps to stop a pricing plunge

By Bloomberg Published Nov 13, 2023 When the world’s most important diamond buyers arrived at De Beers’ offices in Botswana late last month, they were presented with a rare offer …

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De Beers diamond sales slump 

by David Johnson
De Beers diamond sales slump 

By Bloomberg Published Nov 8, 2023 De Beers sold the least diamonds since halting sales altogether during the height of the global pandemic, as the industry struggles with weak demand …

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In diamond centre Antwerp, Russian gems are already shunned

by Lionel Rogers
In diamond centre Antwerp, Russian gems are already shunned

By Reuters API Published Nov 3, 2023 Only a few weeks after Russia invaded Ukraine in February 2022, Antwerp-based diamond dealer Thierry Tugendhaft started receiving calls from big jewellers in …

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