De Beers zero inventory strategy!
Despite headwinds, 100% Sales equal to production! Update 1: Anglo American published its preliminary financial results for 2018. Out of that, De Beers key highlights are 1: Marketing increased at US$166 million to the highest spends in a decade. 2: Tracr, the industry's first end-to-end blockchain-backed asset-tracking platform. 3: Gemfair formalising the artisanal, small-scale mining sector, delivering improved conditions and value for those participating. 4: Lightbox jewelry providing consumers with lower-priced, fashion jewellery using lab-grown diamonds. 5: Upstream development of Venetia underground mine and DeBeers purchase of Peregrine diamonds. 6: Exploration increased spends in Canada to support future production potential. De Beers says a strong performance in 2018, despite headwinds, “We demonstrated a robust financial and operational performance in 2018, with revenue up four per cent to US$6.1 billion, though earnings were down 13 per cen...