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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, which nearly 80 years ago introduced the masses to the immortal phrase “A diamond is forever,” has lost its shine in recent years amid declining demand for diamonds, partly a result ...
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.
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 350-page report found that De Beers had overmined the diamond reserves ahead of Namibia's independence: The excessive depletion of the deposit was a preferential depletion of the more valuable deposits to the detriment of the low grade deposits, and therefore a breach of the provisions of Clause 3 of the Halbscheid Agreement.
The De Beers diamond exhibition had many jewels on display, including the Millennium Star, a flawless 203.04-carat (40.608 g) gem with an estimated worth of £200 million (equivalent to £425 million in 2023 [1]) and considered one of the most perfect gems in the world. Also on display were priceless blue diamonds. [2]