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De Beers

De Beers is a diamond mining, trading and retail company with operations spanning exploration, mining, sorting, valuation and sales. The company is headquartered in London and operates diamond mines in Botswana, Namibia, South Africa and Canada. De Beers is majority-owned by Anglo American, which holds an 85% stake, with the Government of Botswana holding the remaining 15% through a partnership arrangement. The company is one of the world's leading diamond producers by value and volume, and plays a central role in the global diamond supply chain. De Beers operates through several business units, including De Beers Consolidated Mines in South Africa, Debswana (a 50:50 joint venture with the Government of Botswana), Namdeb (a joint venture in Namibia) and the retail brand De Beers Jewellers. The company also runs the Global Sightholder Sales system, which distributes rough diamonds to authorised buyers. De Beers has been investing in renewable energy solutions to power its operations, including solar and wind projects, as part of its sustainability and decarbonisation strategy. The company was founded in 1888 by Cecil Rhodes in South Africa and became synonymous with diamond mining and marketing throughout the twentieth century, shaping global diamond markets and consumer perceptions through its long-standing advertising and branding campaigns.

De Beers News


South Africa’s alluvial diamond wealth
The Destruction of the South African Diamond Industry
1st September 2026

By: Lyndon de Meillon  South Africa’s Historical Role in the Diamond Industry 


An image of small diamonds
South Africa’s small-scale, junior diamond sector faced with many headwinds
31st August 2026 By: Tasneem Bulbulia

South Africa has long been a significant force in the global diamond industry; however, it has faced regulatory and logistics headwinds which are placing pressure especially on the small and junior... 


Solar panels at a mine in South Africa
South African miners accelerate shift to renewable power to cut Eskom reliance
26th August 2026 By: Reuters

South Africa's mining firms are accelerating investment in renewable energy as they seek to diversify power sources, cut costs and meet decarbonisation targets, marking a shift after decades of... 


From scepticism to opportunity: Why AI is becoming the next essential tool for geophysicists
From scepticism to opportunity: Why AI is becoming the next essential tool for geophysicists
20th August 2026

Artificial intelligence (AI) has become one of the most polarising topics in science and industry. While some see it as the future, others remain unconvinced, questioning whether a technology built... 


The Hartebeesthoek Wind Farm has entered into commercial operation
All three components of R16bn Koruson 2 renewables cluster now operational
5th August 2026 By: Terence Creamer

All three projects that make up Envusa Energy’s giant 520 MW Koruson 2 renewable-energy cluster are now officially operational, after 130 MW of the 140 MW Hartebeesthoek Wind Farm entered into... 


Incoming Anglo Teck CEO Duncan Wanblad
Anglo, Teck announce incoming leaders of merged entity
31st July 2026 By: Marleny Arnoldi

As a merger between mining giants Teck Resources and Anglo American nears completion, the companies have announced the executive leadership team that will lead Anglo Teck going forward. From... 


The Quellaveco mine
Anglo American first-half loss shrinks, lifts dividend as Teck merger awaits approval
30th July 2026 By: Reuters

Anglo American said on Thursday its first-half loss more than halved, raised its dividend and reported further progress on its sweeping restructuring and proposed merger with Teck Resources. The... 


The De Beers logo on a building
Wanblad says Anglo not exclusive with any consortium on De Beers sale
30th July 2026 By: Reuters

Anglo American CEO Duncan Wanblad said on Thursday the company was "not exclusive with any consortium" on the sale of its diamond unit De Beers. This follows recent media reports that the... 


Rough diamonds recovered by De Beers
Anglo said to be in talks to sell De Beers for about $1bn
29th July 2026 By: Bloomberg

Anglo American is discussing a deal worth about $1-billion to sell its De Beers diamond business, just a fraction of what the one-time diamond monopoly was once worth. Anglo has been looking to... 


Rough diamonds produced by De Beers
De Beers' rough diamond production increases, but prices, demand remain under pressure
23rd July 2026 By: Creamer Media Reporter

Global diamond miner De Beers has reported an 88% year-on-year increase in rough diamond production to 7.8-million carats for the second quarter of this year, taking the company's output for the... 


Anglo American's Los Bronces mine
Anglo flags first-half loss at diamonds, coal units; cuts copper cost outlook
23rd July 2026 By: Reuters

Anglo American reported broadly flat first-half copper production on Thursday and lowered its 2026 copper cost guidance, but said its diamonds and steelmaking coal businesses are expected to post... 


Haul trucks in operation at a Debswana mine
Botswana says Anglo picks De Beers buyer, weighs options for 'optimal structure'
17th July 2026 By: Reuters

Anglo American has chosen a preferred buyer for its stake in diamond producer De Beers, with Botswana weighing whether to exercise its right of first refusal either on its own, with Anglo's chosen... 


Image of Venetia Mine – aerial view
Venetia Underground Project, South Africa – update
17th July 2026 By: Sheila Barradas

De Beers Group has decided to pause production at its Venetia mine for two years to reduce costs while also rephasing capital expenditure on the Venetia Underground Project. 


Surface operations at the Venetia mine
NUM expresses strong disapproval of jobs cuts by De Beers in South Africa
14th July 2026 By: Lumkile Nkomfe

Labour union the National Union of Mineworkers (NUM) has strongly decried the plans announced by multinational diamond company De Beers and De Beers Sightholder Sales South Africa (DBSSSA) to pause... 


De Beers CEO Al Cook
De Beers to pause Venetia production amid portfolio, organisational changes
13th July 2026 By: Sabrina Jardim

Diamond miner De Beers Group has, consistent with recent actions to improve business resilience, decided to pause production at its Venetia mine, in South Africa, for two years to reduce costs... 


Image of Venetia diamond mine
Venetia Underground Project, South Africa – update
10th July 2026 By: Sheila Barradas

The underground project is progressing in line with the reconfigured plan. 


A night view of the gold major Newmont’s Ahafo North project in Ghana
African mining sustainability gaining traction
10th July 2026 By: Halima Frost

Despite some impressive sustainability gains in the mining sector over the past decade, sustainable mining industry body ICMM CEO Rohitesh Dhawan says progress in Africa displays inconsistencies... 


Parcels of rough diamonds
De Beers makes deep diamond price cuts for shrinking buyers club
7th July 2026 By: Bloomberg

De Beers has made some of the deepest ever cuts to its official diamond prices, potentially signaling an end to its years-long campaign to hold them well above the market rate. The cuts come at the... 


Gahcho Kué mine
Canadian diamond miner Mountain Province to soon delist from TSX
3rd July 2026 By: Marleny Arnoldi

As TSX-listed Mountain Province Diamonds continues to pursue a potential restructuring transaction among its shareholders and creditors, which may include a "go-private" transaction, share... 


PAUL ZIMNISKY 
Angola emerged as Africa’s second largest diamond producer by value in 2024, with a total diamond output worth $1.41-billion
Angola rivals Botswana as top diamond supplier
26th June 2026 By: Keabetswe Shilakwe

Angola emerged as Africa’s second largest diamond producer by value in 2024, with a total diamond output worth $1.41-billion, marking a significant shift in the global diamond landscape that has... 


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pqt: 0.122s - ct: 0.172s - 275pq - 2rq
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