De Beers announces marine diamond deal with Namibian govt

Diamond giant De Beers on Wednesday confirmed speculation that the Namibian government would lift its stake in the company’s marine mining business in the country from 15% to 50%. De Beers and the Namibian government already have 50-50 joint...

Decision on Gahcho Kué this year - De Beers

De Beers Canada said on Tuesday it would make a board decision on whether to build the Gahcho Kué in the North West Territories, in which it has a 51% stake, early this year. The company said there were “just a few areas requiring minor...

De Beers targets production increase, returns to profit

The world’s number-one diamond-miner De Beers is targeting a 15% production increase this year, the group said on Friday, announcing that it had returned to a profit, driven by strong sales. De Beers recovered 33-million carats last year, which...

UNEXPECTED STEPPING-DOWN

De Beers CEO Gareth Penny (right), shown with Mining Weekly editor Martin Creamer, announced that he was stepping down as CEO, after reporting a 134% increase in the diamond miner's output to 15,4-million carats in the first six months to June 30,...

Long-term outlook for diamond jewellery positive – analyst

While the short-term outlook for consumer demand for diamonds was somewhat depressed, the longer-term outlook for purchases of diamond jewellery was positive, Royal Bank of Canada Capital Markets global mining research analyst Des Kilalea said at...

Better-quality diamonds still in demand in subprime-hit US, says Oppenheimer

Demand for better-quality diamonds is continuing in the subprime-impacted US, says De Beers chairperson Nicky Oppenheimer on the impact of the US subprime crisis on diamond sales in the important US market.

De Beers reports lower sales but expects demand to keep 2008 prices buoyant

The world's largest diamond-miner, De Beers said on Friday the worsening economic conditions the US were expected to continue to impact on diamond sales, but that strong demand from China, India and the Middle East would keep prices buoyant...

De Beers diamond sales fall 8,1%, better second half expected

Diamond producer De Beers' rough diamond sales fell by 8,1% to $2,99-billion in the first six months of 2007, as a result of reduced Russian intake and difficult trading conditions.

De Beers H1 rough diamond sales fell 8,1%, expects better H2

Diamond producer De Beers' rough diamond sales fell by 8,1% to $2,99-billion in the first six months of 2007, as a result of reduced Russian intake and difficult trading conditions. But MD Gareth Penny said in a conference call on Friday that...

Oppenheimer describes as 'quite surprising' rumour that Botswana will sell Debswana stake

Chairperson of diamond group De Beers, Nicky Oppenheimer, claimed to be giving no “credence” to persistent rumours that the government of Botswana, its partner in the world’s leading diamond producer, Debswana, was preparing to...

De Beers unlikely to raise prices in second half given 'challenging' rough market

The world's largest diamond producer, De Beers, reported a 1% fall in total sales to $3,44-billion for the first six months of 2006 compared to $3,49-billion in the first half of 2005, with the rough-gem market experiencing a...

Oppenheimer describes as 'quite surprising' rumour that Botswana will sell Debswana stake

Chairperson of diamond group De Beers, Nicky Oppenheimer, claimed to be giving no “credence” to persistent rumours that the government of Botswana, its partner in the world's leading diamond producer, Debswana, was preparing to sell...