Hosted on MSN3mon
De Beers is sitting on a $2 billion pile of diamonds as demand slumps — ‘It’s been a bad year’
Diamond giant De Beers has seen its stockpile reach $2 billion, the biggest since the 2008 financial crisis, according to the Financial Times. "It’s been a bad year for rough diamond sales." ...
Hosted on MSN16d
Forget bling, De Beers has found a surprising use for lab-grown diamonds outside of luxury jewelry, and business is booming
De Beers is synonymous with diamonds, having coined the phrase “diamonds are forever” back in 1947. However, the company’s own business in precious stones has been in jeopardy following ...
Mint6d
De Beers India plans record marketing spends this year to help natural diamonds shine on
New Delhi: De Beers has stepped up its marketing efforts in India, partnering with retailers and launching campaigns to promote natural diamonds in the hope of countering both the general slump in ...
U.S. News & World Report1mon
Botswana, De Beers Sign Long-Delayed Diamonds Deal
GABORONE (Reuters) - Botswana's government on Tuesday signed a long-delayed 10-year diamonds sales agreement with Anglo American unit De Beers adding a possible extension period of five more years ...