GJ Town India

They will focus on industrial quality LGDs   Recently at the JCK LV Show Al Cook, CEO-De Beers said media that the Lightbox factory in Gresham, Oregon, will stop Lab Grown Diamonds (LGDs) of the useful quality for jewellery. He said, they will focus on the LGDs production of industrial quality for technology!    Lightbox Lab in Portland, Oregon, can grow a 1 carat stone in about two weeks, entirely from 100% renewable wind power.  What's more, our state-of-the-art technology can alter the chemistry of the growing process to create lab-grown diamonds not just in white, but also in blue and pink.    Previously just in the May, Lightbox lowers LGDs retail prices by more than a third! De Beers Group’s LGD brand reduces pricing to reflect price declines in the LGD jewellery sector, with prices now starting at $500 per carat.    De Beers Group’s wholly-owned lab-grown diamond jewellery brand, Lightbox Jewelry, announced a permanent price reduction...

In 2013 Global Sightholder Sales moved from the UK   De Beers Group announced it is relocating the De Beers Group Auctions business headquarters from Singapore to Botswana. The relocation supports De Beers’ focus on streamlining its operations and enhancing the efficiency of its activities, while also facilitating further development of the diamond sector in Botswana.   De Beers Group's decision to relocate its Auctions headquarters to Gaborone reinforces its commitment to developing Botswana’s diamond industry. It also reflects confidence in the country’s capabilities and growth agenda. De Beers Global Sightholder Sales moved from the United Kingdom to Botswana in 2013, and has now operated successfully in Gaborone for more than a decade. The move of the Auctions business headquarters will enhance efficiency, strengthen partnerships, and support the development of key diamond industry skills in Botswana. As the relocation process takes place over the coming months, De Beers...

Extending tie with Womeng to support women and girls   This International Women’s Day, De Beers Group is proud to announce it has extended its partnership with WomEng for a further three years, expanding the reach to cover all four of the countries where De Beers discovers diamonds and placing a greater focus on supporting women and girls to pursue careers in sustainability-related fields.   The partnership will play an important role as De Beers strives to achieve its goal to engage 10,000 girls and women in STEM (science, technology, engineering and mathematics) by 2030, as part of its wider Building Forever sustainability goals.   WomEng is a global, multi-award-winning social enterprise which helps engage and develop girls and women for the engineering and technology industries. The original three-year partnership focused on developing leadership, innovation, well-being and employability skills for women and girls in Botswana, Namibia and South Africa.   Despite ...

Jamie Clark, will take charge of diamond laboratories    De Beers Group announces that after 20 years with the business, Head of De Beers Group Industry Services and Head of Forevermark Operations, Jonathan (Jonnie) Kendall will be retiring at the end of the year.   Jonnie has played an integral role in leading the evolution of many of De Beers Group’s downstream activities since he joined the company in 2001, holding a variety of roles during this time. Key achievements included helping to modernise the company’s approach to building stronger relationship with clients, launching the original Forevermark programme in 2005 and undertaking major marketing campaigns to support De Beers Group’s global leadership position. In recent years, Jonnie led the development and launch of what is today known as De Beers Group Industry Services and the Institute of Diamonds, offering world-class diamond grading, testing, synthetic detection technology and education services to the d...

To understand the consumer perspective   De Beers Group is working actively in the face of the Covid-19 pandemic to understand the consumer perspective and monitor how this evolves as we pass through the stages of the crisis.   To augment our existing research program, we are conducting additional consumer, retailer and supply chain touch-bases to understand the pain points and the opportunities for partners large and small across the pipeline. In March 2020, we launched a weekly quantitative survey to collect data on the attitudes, behaviors and expectations of consumers in the US.   Once a month we also conduct a deep dive into diamond-specific attitudes. The latest survey was completed on June 22. With our second monthly insight report, we are continuing to track US consumers but widening the focus to include the experiences of retailers.   The report, heightened emotional state as uncertainty continues and also focuses on growth potential avenues like, gr...

The appointment to Effective from 1 September De Beers Group is pleased to announce the appointment of Sarah Kuijlaars as Chief Financial Officer (CFO), effective from 1 September. Sarah will join the De Beers Group Board and Executive Committee. Sarah was previously CFO of Arcadis NV, a leading global design and engineering consultancy, with a listing on the Euronext Amsterdam Stock Exchange.  Prior to this, Sarah was Deputy CFO at Rolls Royce Holdings plc, and held a number of senior financial leadership roles during a 25-year career at Royal Dutch Shell plc.  She has worked in several geographies including Nigeria, Russia, Brazil and the Middle East. Sarah is also a Non-Executive Director at Aggreko plc, a leading international provider of mobile modular power, temperature control and energy services. Bruce Cleaver, CEO, De Beers Group, said: “Sarah is a proven leader and has a strong track record built with a number of world-class multinational...

DBGIS is research into diamond synthesis! Recently Jonathan Kendall, President, De Beers Group Industry Services inks & says in my last blog post I discussed how vital confidence is if you are to succeed at any and all stages of the diamond value chain, and to maintain confidence requires expertise, innovation and hard work. In the diamond sector, this has never been truer than it is today. Across the industry, experience and knowledge are vital for diamond businesses when it comes to retaining the confidence of customers. A central part of maintaining this confidence, and a key area of focus for us at De Beers Group Industry Services (DBGIS), is research into diamond synthesis and the development of equipment that can reliably and consistently detect synthetic diamonds and ensure they are not misrepresented as natural diamonds. And because we’ve been working on this for almost three quarters of a century the synthetic diamond detection machines that we at DBGIS p...

The Global sight remained lower than previous! De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the fourth sales cycle of 2019. Bruce Cleaver, CEO, De Beers Group, said: "Cycle four saw lower rough diamond sales against a backdrop of macroeconomic uncertainty, and as we enter a seasonally slower period for the industry with Indian factories closing temporarily for the traditional holiday period.” Particular Cycle 4 2019 (provisional) [1] Cycle 3 2019 (actual) [2] Cycle 4 2018 (actual) Sales value [3] ($m) 415 581 554     [1]   Cycle 4 2019 provisional sales value represents sales as at 20 May 2019. [2]  Cycle 3 2019 actual sales value is restated following the earlier publication of a provisional figure for the third sales cycle of 2019. [3]  Sales values are quoted on a consolidated accounti...

De Beers Group supports enhanced transparency with “Diamonds from DTC” Launches www.dtc.com   to provide more information about source of origin De Beers Group announced that it is to support the diamond trade in providing enhanced transparency regarding diamonds purchased from its Sight sales by introducing a “diamonds from DTC” source of origin claim-( In Canada, the term “diamonds from Diamond Trading Company” will be licensed for use instead of “diamonds from DTC”.) The claim will serve as a factual statement about provenance that Sightholders and Accredited Buyers can use for diamonds purchased from Sights. For diamonds purchased from the third Sight of 2019 onwards, subject to entering into a licence agreement, Sightholders and Accredited Buyers will be able to apply the claim to their Sight-sourced diamonds and pass it on to their customers along the value chain. In turn, subject to meeting certain criteria, trade participants will be able to use ...

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...

The Sight remains lower to previous & YoY De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the first sales cycle of 2019. Bruce Cleaver, CEO, De Beers Group, said: “Rough diamond sales during the first sales cycle of 2019 were lower than those for the equivalent period last year, reflecting higher than normal sales in the previous cycle (cycle 10 2018) and the slow movement of lower value rough diamonds through the pipeline.” Sight Cycle 1 2019 (1) (provisional) Cycle 10 2018 (2) (actual) Cycle 1 2018   (actual) Sales value (3) $505m $544m $672m Note of the Table: 1:   Cycle 1 2019 provisional sales value represents sales as at 28 January 2019. 2:   Cycle 10 2018 actual sales value is restated following the earlier publication of a provisional figure for the tenth sales cycle of 2018. 3:   Sales values are qu...