De Beers has built up its largest stockpile of diamonds since the Great Financial Crisis, as sinking demand and tougher competition weigh on the industry giant. "It's been a bad year for rough diamond ...
Forbes contributors publish independent expert analyses and insights. Pam Danziger reports on retail, focused on the luxury consumer market. De Beers launched its largest diamond campaign in a decade, ...
Diamond giant De Beers slashed the price of its lab-grown rocks by nearly 40%, citing their plummeting wholesale prices, the London-based company said Friday. The man-made gems, which have gained in ...
PARIS — De Beers has called time out on its test-run of lab-grown diamond engagement rings, the company said Wednesday. Going forward, its lab-grown subsidiary Lightbox will continue to focus on its ...
A six-year synthetic diamond experiment by De Beers is being abandoned in the first aftershock of the failed $49 billion attempt by BHP to buy mining rival Anglo American, the current owner of the ...
De Beers has cut diamond prices by 10-15%, a historically large reduction, in response to falling demand and the rise of synthetic diamonds. This move signals a significant shift in the diamond market ...
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 mining giant ...
De Beers hasn’t exactly been sparkling lately. The diamond industry’s most famous name has grappled with weak demand for the precious stone since a peak during the COVID-19 pandemic, alongside the ...
De Beers chief executive Al Cook wants to save a generation of lovers and newlyweds from what he calls a “huge con” when it comes to buying diamonds. In the process, he hopes to rescue his iconic ...
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