Group’s chief exec says the slide will continue as improved technology increases the quality and volume of lab-grown diamonds.
De Beers Group reports full-year revenue increase
Group describes the performance as “robust” despite a number of headwinds.
Hotel partners with De Beers to offer guests a sparkling Christmas experience
Wellesley Knightsbridge will be whisking guests to the jewellery firm’s store on Old Bond Street for a bespoke event.
REACH LIST 2018: Top five luxury brands
Discover how the leading luxury brand on social media deleted its Instagram posts to maximise the impact of its biggest campaign of the year.
World’s two largest diamond producers collaborate to enhance traceability within the industry
De Beers and Alrosa work together on an end-to-end blockchain traceability platform for the diamond industry
GUEST COLUMN: Supporting millennial demand across the Forevermark network
Words by Forevermark chief operating officer, Nancy Liu Millennials represent the largest consumer market for diamond jewellery globally, spending more than US$25 billion on diamond jewellery in 2015 in the four largest consumer markets of the US, China, India and Japan. Most importantly, while millennials already express very strong demand for diamond jewellery and acquire…
IIDGR streamlines diamond testing process with new device launch
The International Institute of Diamond Grading & Research (IIDGR), part of De Beers Group, has introduced an advanced synthetic screening device which allows users to test greater volumes of jewellery simultaneously. The new device – the SYNTHdetect XL – is an advanced version of the company’s highly successful SYNTHdetect synthetic screening device launched last year.…
REVEALED: Key buying habits of young diamond jewellery consumers
Gen Z and millennials present wide-ranging opportunities for the diamond industry, but their buying habits are unlike the generations before them. According to De Beers’ Diamond Insight Report, which was released this morning, the millennial and gen z generations combined accounted for two-thirds of global diamond jewellery sales in 2017, with the future of this…
Gen Z and millennials now account for two-thirds of global diamond jewellery demand
The millennial and gen z generations combined accounted for two-thirds of global diamond jewellery sales in 2017, as diamond jewellery demand reached a new record high of US$82 billion (£62.8m). According to data published today by De Beers Group in its latest Diamond Insight Report, consumers currently aged 21 to 39, represent 29% of the…
Lab-grown diamond producers question De Beers’ pricing strategy
De Beers is gearing up to launch its debut lab-grown diamond jewellery brand, Lightbox, this month, and rivals are questioning whether the proposed price plan is too low. While the date has not been confirmed, this month will see the industry giant official enter the man-made gems market, with a promise to offer consumers high-quality…
