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De Beers Diamond Jewellers (DBDJ) was established in 2001 as a 50:50 joint venture between The De Beers Group of Companies and LVMH, the French luxury goods company. [81] The first De Beers boutique opened in 2002 on London's Old Bond Street as the brand's flagship store. Since then, stores have opened in various cities around the world.
The Oppenheimer family is an Anglo–South African family best known for its longtime control of Anglo American and De Beers. [1] Ernest Oppenheimer, a German immigrant to Britain and later to South Africa, founded the Anglo American Corporation in 1917 to mine the Witwatersrand for gold. [2]
Sir Ernest Oppenheimer KStJ (22 May 1880 – 25 November 1957) was a diamond and gold mining entrepreneur, financier and philanthropist, [1] [2] [3] who controlled De Beers and founded the Anglo American Corporation of South Africa.
Jonathan is the son of former De Beers chairman Nicky Oppenheimer; he is the great-grandson of Anglo-American founder Ernest Oppenheimer, who was the first generation of the family to chair (from 1929) the De Beers diamond mining company in South Africa, founded by Cecil Rhodes in 1888. [2] He was educated at Harrow School and Christ Church ...
De Beers tried its hand at growing a lab-grown diamond jewelry business for six years before ditching it earlier this year. But a segment of that failed attempt has flourished—and it has nothing ...
Chairman of the De Beers Group from 1998 to 2012, he retired when the family stake was sold to Anglo American. [7] Oppenheimer appeared on the Sunday Times Rich List 2018 as the 23rd richest person in the United Kingdom, with a reported fortune of £5.5 billion. [8]
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."
De Beers has accumulated the biggest stockpile of diamonds since 2008, the Financial Times reported. Weak demand and rising competition from lab-grown products are weighing on the diamond titan.