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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 ...
“It’s been a bad year for rough diamond sales,” De Beers CEO Al Cook told the FT in December. Lab-grown diamonds and Chinese issues. Duncan Wanblad, Anglo’s CEO, described the 2024 trading ...
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 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]
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.
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 € ...