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Waning demand for natural diamonds has helped lift De Beers's inventory to $2 billion, the most since the 2008 financial crash, according to the Financial Times. In fact, the value of the diamond ...
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 De Beers diamonds antitrust class action sought to end an alleged 60-year conspiracy to fix the price of rough diamonds in the U.S. by the De Beers group of companies. The litigation includes several cases including Hopkins v. De Beers Centenary A.G., et al., No. CGC-04-432954, which commenced on July 24, 2004, and Sullivan v.
An Element Six spokesperson told Fortune that synthetic diamonds present "a significant growth opportunity for De Beers Group." The love for lab-grown diamonds. Anglo-American, a member of the ...
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.
The second was an agreement originally dated 20 April 1892 between BSAC and De Beers. That document essentially memorialised existing indebtedness of BSAC to De Beers and formalised those obligations into mortgage debentures, and increased the amount of the credit advanced to a total of £112,000. Subsequent amendments to the agreement ...
In 2014, he was "cut off" from De Beers, and his own businesses began to suffer. When a court-appointed administrator appeared in his offices to oversee bankruptcy, then a floor of the Antwerp World Diamond Center, the offices were described as essentially empty. Diamonds and assets were described as missing, with Daleyot leaving a debt of € ...
The premises of the supposedly independent Diamond Board for South West Africa were provided by De Beers; All of the Board's agents were De Beers' employees; The entire costs of running the Board were met by De Beers as a tax deductible expense; Stanley Jackson, the Diamond Board Secretary, was also Secretary to Consolidated Diamond Mines. [6 ...