
Sales of rough diamonds at De Beers rose more than 12% in the latest sales cycle, as demand improves on the back of easing Covid-19 restrictions and ahead of the December festive season.
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Sales of rough diamonds at De Beers rose more than 12% in the latest sales cycle, as demand improves on the back of easing Covid-19 restrictions and ahead of the December festive season.
The womenswear brand is staying in the family, having been acquired by Roberto and Stefano Aimone – the husband and son, respectively, of Laura Zegna – but designer Simon Holloway is on his way out.
Diamond miner De Beers said on Thursday its Chief Financial Officer Nimesh Patel will leave the company on July 26 to join Spirax-Sarco Engineering plc .
Anglo American unit De Beers said its 2019 marketing budget will exceed last year's figure of $170 million and will focus on the biggest market the United States, where diamond demand is holding firm.
London fashion witnessed a great debate this season, with two sides squared off in opposing camps – the sacred versus the profane.
Anglo American’s diamond subsidiary De Beers is scaling back production after trade tensions between the United States and China contributed to a 27% first-half fall in diamond earnings, its CEO said.
Anglo American on Thursday said its De Beers subsidiary was investing in a $468 million new offshore diamond mining ship off the coast of Namibia, with the capacity to add 500,000 carats of annual production from 2022.
Mined diamonds are less carbon-intensive than man-made, but their producers should use more green energy, according to a study commissioned by the natural diamond industry.
The chief executives of Van Cleef & Arpels, De Beers and Tiffany & Co see strong growth prospects for lab-grown diamonds as fashion accessories but warned that they should not be compared with natural diamonds.
Anglo American unit De Beers is going after lucrative, but elusive high-tech markets in quantum computing, as it aims to expand its lab-grown diamond business beyond drilling and cutting.