de beerslatest news & developments

It’s the end of diamonds as we know them (but lab-growns are fine)

The diamond industry faces a crisis as lab-grown stones destroy prices and threaten the economics of natural-diamond mining. But the value of scarcity may save natural diamonds.

Anglo American CEO Duncan Wanblad. Supplied

The race for De Beers is still wide open

Anglo and the Botswana government are sending mixed messages about De Beers’ sale, but one thing is clear: it’s at a bargain-basement price

Can De Beers make diamonds forever again?

Making diamonds desirable again depends on more than reviving one of history’s greatest marketing machines

duncan wanblad diamonds. Supplied; rawpixel/currency collage

De Beers mothballs Venetia as diamond crisis deepens 

The decision comes at an awful time for Anglo CEO Duncan Wanblad, as appetite to buy the miner’s diamond assets fizzles out

Fading diamonds. Rawpixel/currency

De Beers fails to dazzle as more buyers withdraw

A consortium led by former CEO Bruce Cleaver has withdrawn from the auction, as pressure on the diamond market intensifies

Gareth Penny. Ninetyone.com

A Penny for De Beers’ troubles

Gareth Penny is tipped to acquire De Beers, but reviving the diamond market may prove harder than buying it

De Beers sale. Rawpixel/Currency collage

De Beers sale gets cheaper, though not easier 

A consortium led by former CEO Gareth Penny has been tipped as the frontrunner to buy diamond miner De Beers

Diamond. Rawpixel/Currency collage

Diamonds to dust: the myth of forever

The rise of lab-grown diamonds has been ruinous for the diamond industry. Has the sparkle moved to other gemstones?

For De Beers, are diamonds really forever?

Between lab-grown diamonds and the frailty of consumers in China, natural diamonds have been on the wane. De Beers has a plan to turn that around