Archive

  • Debswana, the joint venture between the Botswana government and Anglo American’s De Beers unit, announced the recovery of a 1,098-carat diamond. Initial analysis suggests the rough stone could be the world’s third-largest gem-quality diamond ever to be recovered after the 3,100-carat "Cullinan Diamond", was discovered in South Africa in 1905, and the 1,109-carat "Lesedi la Rona", was found in 2015, in the Karowe mine in Botswana.

  • De Beers reported a 4% rise in total revenue for FY 2018, reaching $6.1 billion, but its earnings slid by 13% to $1.25 billion driven by expenditures such as the $87 million acquisition of Peregrine Diamonds and the launch of Lightbox Jewelry. Rough diamond sales rose by 4% to $5.4 billion (2017: $5.2 billion), driven by improved overall consumer demand for diamond jewelry and a 1% increase in the average rough diamond price index.

  • De Beers Group’s latest announcement is the creation of De Beers Ventures, a separate platform which considers the acquisition of minority equity stakes in start-ups and growth companies related to the Group's core business.