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The Latest Breaking News from De Beers

“Eras Tour Was Essentially Her GoFundMe”: Taylor Swift Slammed For Wealth Display During Outing

“Her earrings cost more than my car,” one said after Taylor Swift’s decked out appearance for her girls night out with Selena Gomez.

Bored Panda

Rich List 2024: Who are the wealthiest people in the UK?

Gopi Hinduja and his family, which is behind the Indian conglomerate Hinduja Group, have been named as Britain’s richest.

Evening Standard

The Low-Down: All the Fashion Industry News you Need to Know, Now

Stay up to date on the biggest news and industry moves

Marie Claire

From analysis to the latest developments in health,
read the most diverse news in one place.

The Diamond Heist review – Guy Ritchie’s thrilling tale of the failed Millennium Dome jewel robbery

This three-part documentary about the attempt to steal hundreds of millions of pounds’ worth of diamonds is pacey and stylish – but it definitely didn’t need to glamorise the real-life violence

The Guardian - UK

The biggest heist that never happened: how thieves almost stole £350m of diamonds from the Millennium Dome

The story of how one of the biggest attempted heists of all time collapsed has now been made into a Netflix documentary, courtesy of Guy Ritchie

Evening Standard

Botswana Signs New Diamond Sales Agreement With De Beers

Botswana secures vital diamond sales agreement with De Beers, boosting its economy and solidifying the government's relationship with the mining company.

Top News

Botswana, the country with the biggest diamonds, gets an improved 10-year deal with miner De Beers

The Botswana government has signed a new diamond sales agreement crucial to its economy with the De Beers mining company after seven years of negotiations

The Independent UK

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Anglo American writes down value of diamond firm De Beers by $2.9bn

Sale of the miner, which is now valued at $4bn, may be delayed following ‘really, really difficult’ market

The Guardian - UK

Chinese retailers offload polished diamonds, adding to $2bn inventory pain for De Beers

Anglo American's CEO says the headwinds from lab-grown diamonds were surmountable as owner writes down $2.9 billion of De Beers value.

Fortune

Thinking of proposing? It could be a lot cheaper as diamond prices drop

Much has changed in the last two years.

Fortune

Diamonds lose their sparkle as prices come crashing down

Lab-grown rocks and fewer weddings have put a huge damper on the market. On the bright side, a big dazzler is now affordable for many

The Guardian - UK

Company develops copper-diamond composite for better heatsink cooling — lower CPU and GPU temps

E6, a De Beers Group company, is developing a copper-diamond composite material to serve as a more effective heatsink.

Tom’s Hardware

It's ‘Trump Day’ in Davos!

Also: Nicolai Tangen says sell U.S. tech stocks, Nadella wades into Musk v Altman fight.

Fortune

De Beers is sitting on a $2 billion pile of diamonds as demand slumps — 'It's been a bad year'

The diamond giant's $2 billion in inventory is the most since the 2008 financial crash, according to the Financial Times.

Fortune

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Fortune

Forget bling, De Beers has found a surprising use for lab-grown diamonds outside of luxury jewelry, and business is booming

While lab-grown diamonds have flourished among Gen Z, De Beers has found success for grown gems elsewhere.

Fortune

Amid Gen Z’s love of cheaper, lab-grown diamonds, a natural diamond giant slashes prices

After holding out, De Beers cut prices by more than 10%, according to Bloomberg.

The Conversation

Botswana’s election shock: analyst reflects on why voters kicked the ruling party out after 58 years

The dramatic loss of power by the Botswana Democratic Party (BDP), which had governed Botswana since independence in 1966, will go down in history as one of the biggest electoral upsets in Africa.

The Independent UK

Thousands turn out for inauguration of Botswana's new president, who calls for unity

Thousands of people from around Botswana have attended the inauguration of their country’s new president, Duma Boko

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news in one place.

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Fortune

A little-known startup is acquiring enormous diamonds—and shaking up a $100 billion industry

HB Antwerp uses a blockchain to track diamonds and to route more money to the stones' home country. Industry giant DeBeers has followed suit.

Al Jazeera

Botswana election: Who is in the running and what’s at stake?

Some 1 million Batswana will vote amid worries about the economy as diamond dollars fall.

Marie Claire

Sienna Miller's Dramatic Black Plunge Gown Wants to Know, "How Low Can You Go?"

Clavicle is the new side boob.

Fortune

This London-listed diamond miner reported surging sales even as shoppers increasingly turn to lab-grown gems

Lab-grown diamonds now account for nearly a fifth of all sales globally as younger shoppers fall out of love with mined diamonds.

Fortune

The diamond industry is ‘in trouble’ after prices sunk 6% this year. A jewelry CEO blames the rapid growth of lab-grown diamonds.

Industry experts anticipate an additional 15% to 20% price drop in diamonds over the next 12 months.

Fortune

De Beers, the business that coined ‘diamonds are forever,’ is pivoting to jewelry retail ahead of spinoff from Anglo American

De Beers, the company that coined the slogan “diamonds are forever,” wants to make a splash in retail to compete with the likes of Tiffany and Cartier.

The Independent UK

Rich List 2024: Who are the wealthiest people in the UK?

Gopi Hinduja and his family, which is behind the Indian conglomerate Hinduja Group, have been named as Britain’s richest.

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