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 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 Slashes Diamond Prices by Up to 15% Amid Market Slump
De Beers, the world's largest diamond producer, has taken the unprecedented step of slashing prices by 10% to 15% at its final sale of the year, signaling a significant shift in strategy as the diamond market grapples with one of its deepest slumps in decades.
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.
De Beers' Historic Price Reduction Signals Diamond Market Woes
De Beers, the world's largest diamond producer, has implemented significant price cuts as the diamond market faces challenges ...
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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: Safety is not a target; it’s a value
We borrow the men and women who work for us for a few hours a day and it is imperative we return them to their families in ...
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Tanishq to establish De Beers equipment to increase consumer confidence in diamonds
These equipment are the SynthDetect XL Plus, engineered to test both mounted jewellery and loose stones for synthetics and ...
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Could De Beers be the next Twitter?
De Beers is linked to diamonds as Lindt is to chocolate or Chanel to fashion and would be nice to own. But the price of these ...
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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 ...
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 ...