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The Latest Breaking News from De Beers

It's ‘Trump Day’ in Davos!

Also: Nicolai Tangen says sell U.S. tech stocks, Nadella wades into Musk v Altman fight.

Fortune

De Beers is sitting on a $2 billion pile of diamonds as demand slumps — 'It's been a bad year'

The diamond giant's $2 billion in inventory is the most since the 2008 financial crash, according to the Financial Times.

Fortune

Forget bling, De Beers has found a surprising use for lab-grown diamonds outside of luxury jewelry, and business is booming

While lab-grown diamonds have flourished among Gen Z, De Beers has found success for grown gems elsewhere.

Fortune

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Amid Gen Z’s love of cheaper, lab-grown diamonds, a natural diamond giant slashes prices

After holding out, De Beers cut prices by more than 10%, according to Bloomberg.

Fortune

Botswana’s election shock: analyst reflects on why voters kicked the ruling party out after 58 years

The dramatic loss of power by the Botswana Democratic Party (BDP), which had governed Botswana since independence in 1966, will go down in history as one of the biggest electoral upsets in Africa.

The Conversation

Thousands turn out for inauguration of Botswana's new president, who calls for unity

Thousands of people from around Botswana have attended the inauguration of their country’s new president, Duma Boko

The Independent UK

A little-known startup is acquiring enormous diamonds—and shaking up a $100 billion industry

HB Antwerp uses a blockchain to track diamonds and to route more money to the stones' home country. Industry giant DeBeers has followed suit.

Fortune

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Botswana election: Who is in the running and what’s at stake?

Some 1 million Batswana will vote amid worries about the economy as diamond dollars fall.

Al Jazeera

Sienna Miller's Dramatic Black Plunge Gown Wants to Know, "How Low Can You Go?"

Clavicle is the new side boob.

Marie Claire

This London-listed diamond miner reported surging sales even as shoppers increasingly turn to lab-grown gems

Lab-grown diamonds now account for nearly a fifth of all sales globally as younger shoppers fall out of love with mined diamonds.

Fortune

The diamond industry is ‘in trouble’ after prices sunk 6% this year. A jewelry CEO blames the rapid growth of lab-grown diamonds.

Industry experts anticipate an additional 15% to 20% price drop in diamonds over the next 12 months.

Fortune

De Beers, the business that coined ‘diamonds are forever,’ is pivoting to jewelry retail ahead of spinoff from Anglo American

De Beers, the company that coined the slogan “diamonds are forever,” wants to make a splash in retail to compete with the likes of Tiffany and Cartier.

Fortune

Rich List 2024: Who are the wealthiest people in the UK?

Gopi Hinduja and his family, which is behind the Indian conglomerate Hinduja Group, have been named as Britain’s richest.

The Independent UK

Anglo American’s breakup is overdue. BHP must have seen it coming

Rejig is more radical than anything Anglo has tried in recent past but Australian miner could make fresh bid

The Guardian - UK

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The Guardian - UK

Anglo American to sell famous diamond business De Beers in breakup plan

UK mining company reveals breakup plan in bid to avoid takeover by Australia-based BHP

The Guardian - UK

BHP’s pursuit of Anglo American has a major obstacle: South Africa

The De Beers owner is a longstanding jewel in the African' state’s economic crown – it would be a ‘big blow’ to see it sold off

Wallpaper

High jewellery with dazzling effects

Stand-out gems dazzle against a backdrop of red and black in our high jewellery shoot

Creative Bloq

The best adverts of the 1940s, as picked by experts

Our experts discuss the timeless charm of the best 1940s ads.

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International Business Times

Botswana, De Beers Approve $1 Bn Deal In World's Top Diamond Mine

Botswana and global diamond giant De Beers have approved a $1 billion investment to dig under the world's richest diamond mine by volume, their joint venture said on Wednesday.

Marie Claire

The 10 best looks from the 2024 Golden Globes red carpet

See who wore what at the 2024 Golden Globes

Fortune

Is reducing CO2 emissions a prisoner's dilemma?

The emissions dilemma comes down to game theory.

Evening Standard

Best place to buy engagement rings online in the UK 2025

The jewellers you can’t say no to

Reuters

Botswana president insists on bigger share of diamonds from De Beers venture

Botswana will not back down on demands for a bigger share of rough diamonds from its joint venture with De Beers, President Mokgweetsi Masisi said on Thursday, upping the stakes as talks for a new sales deal appear to be stalling.

The Conversation

Supercomputers have revealed the giant 'pillars of heat' funnelling diamonds upwards from deep within Earth

Most diamonds are formed deep inside Earth and brought close to the surface in small yet powerful volcanic eruptions of a kind of rock called “kimberlite”.

Wallpaper

Tiaras rule: discover three contemporary takes marking the coronation of King Charles III

High jewellery houses create special-edition, contemporary tiaras to mark the coronation

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