De Beers Capitulates on Diamond Strategy With Big Price Cuts
De Beers has cut diamond prices by more than 10% across the board as the world’s biggest producer abandons attempts to put a floor under the slumping market.
De Beers closes 2024 with huge price cuts
Despite the challenging conditions, De Beers is aiming for annual core profits of $1.5 billion by 2028. Last year, however, it earned just $72 million — far below its historical range of $500 million to $1.5 billion, which the miner attributed to the diamond industry’s cyclical nature.
De Beers cuts rough diamond prices by 10-15%
De Beers has announced a significant reduction in rough diamond prices by 10-15% across various categories, aiming to stabilize the diamond trade and support the polishing industry amidst ongoing market challenges.
De Beers Sale Tested By The Persistent Fall In Diamond Prices
Jewelers know how difficult it has become to sell diamonds in a tough market but that’s a modest challenge compared with selling the world's premier diamond business.
Anglo's De Beers diamond unit closes 2024 with big price cuts
De Beers diamond unit said Monday it is cutting prices by more than 10% across the board, as the world's biggest producer abandoned attempts to put a floor under one of the weakest markets in decades.
De Beers Cuts Rough Prices
De Beers has reportedly lowered rough prices at its current sight in Gaborone, by as much as 15 per cent in some cases. It generally uses price cuts only as a last resort, and prefers to offer sight holders the right to refuse or sell back part of their allocation.
De Beers Lowers Diamond Prices More Than 10%
De Beers has lowered %Diamond prices by more than 10% as the world’s biggest producer of the precious stones abandons efforts to prop-up the slumping market. The diamond industry is in one of its deepest and most prolonged slumps in decades.
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De Beers' Historic Price Reduction Signals Diamond Market Woes
De Beers has cut diamond prices by 10-15%, a historically large reduction, in response to falling demand and the rise of ...
Amid Gen Z’s love of cheaper, lab-grown diamonds, a natural diamond giant slashes prices
De Beers, the world’s biggest producer of natural diamonds, has slashed its prices by 10% to 15%, Bloomberg reported. Blame man-made, or lab-grown, diamonds, for one thing. Other factors include ...
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De Beers Group Launches Holiday Campaign for Natural Diamonds
De Beers Group Launches Holiday Campaign for Natural Diamonds ‘Forever Present’ campaign revives the iconic A Diamond is ...
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De Beers sees surprise jump in festive sales
De Beers CEO, Al Cook, says initial diamond sales over the key holiday season are proving surprisingly stronger than expected ...
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De Beers to Cut Sightholder Numbers
De Beers last reduced the number of sightholders in January 2021, when it introduced new contracts dividing buyers into three ...
Global Coin Launches Exclusive "Purely Brilliant" 5 oz. Proof Gold Coin with Diamonds from the Royal Canadian Mint
Global Coin unveils a dazzling exclusive: the Purely Brilliant—5 oz. Proof Gold Coin with Diamonds, launching December 3, ...