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 De Beers Consolidated Mines (DBCM)

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updated Tue. April 2, 2019

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So what's the problem? According to Roscheisen, almost every time he or his partners try to advertise jewelry made with Diamond Foundry diamonds, the Diamond Producers Association, an alliance of old-school miners that includes De Beers, blocks his efforts. “The publisher gets a phone call from the ...
The Forevermark and De Beers Diamond Jewellers brands were the main beneficiaries of the marketing spend. Each Forevermark diamond is inscribed with an icon and individual number as an assurance that it has met Forevermark's standards of beauty and rarity and that it is responsibly sourced.

De Beers, the company that has historically dominated the global diamond market, announced its progress in introducing blockchain technology to its operations. The technology will be able to trace the origin of diamonds through its value chain. This is a significant development in the diamond industry and ...
WATERLOO, ONT. — The first four scholarships in support of De Beers' UN Women partnership commitment are now available to female students applying for first-year, full-time studies in eligible science, technology, engineering and mathematics (STEM) programs at the University of Waterloo. Through ...
Rough diamond trading was robust in February, with De Beers notching $555 million in sales during the month. Prices ... De Beers boxes were selling at around 5% premiums on the secondary market during last week's sight, slightly down from January, according to Bluedax, an online rough brokerage.
The De Beers Group of Companies' innovation division, De Beers Technologies South Africa (DebTech SA), has developed a novel density measurement system that can provide process plants with fast and accurate data on the material density profiles of particle samples. Mia Breytenbach tells us more.

Millennials are buying diamonds at a rate higher than their parents, according to the CFO of the world's biggest diamond producer. Nimesh Patel of De Beers told Business Insider that it is a "fallacy" to say that millennials aren't buying diamonds. Patel's words contrast with an Economist article that asked ...
RAPAPORT... De Beers' diamond-grading unit will launch two of its educational courses in Chinese, aiming to tap the important and fast-growing market. The International Institute of Diamond Grading & Research (IIDGR) will offer its online Diamond Foundation Course — covering the entire pipeline — in ...
CALGARY – De Beers Canada is launching four new scholarships for first year, full time women studying science, technology, engineering and mathematics ... Through 2020, De Beers has committed to providing a total of $639,000 in STEM scholarships across Canada for female students, including 16 ...
In the 2017 fiscal year, De Beers Canada brought in close to $260 million in earnings before interest, taxes, depreciation and amortization. "We had a tremendous production year. We had the biggest ever production output from Canada," said Kim Truter, CEO of De Beers Canada. "We're looking at another ...
Leading global diamond trading, exploration and mining company De Beers Group remains focused on other African countries in which it is already established with no rush to return to Zimbabwe, The Herald Business has learnt. Contrary to early February reports at the African Mining Indaba in Cape Town ...
De Beers maintained a positive outlook for this year off the back of stronger consumer demand for diamond jewelry in US and China in 2017. Demand has picked up for certain polished categories that had struggled of late, including VVS-clarity stones, while the miner's retail unit, De Beers Diamond ...
Mine worker crushed to death at De Beers operations in Limpopo. 27th March 2018. By: African News Agency · SAVE THIS ARTICLE EMAIL THIS ARTICLE. Font size: -+. JOHANNESBURG – A female employee was crushed to death when she fell onto a conveyer belt at De Beer's Venetia diamond mine in Limpopo, police ...
Despite poor weather, ice carvers from across the globe kept working away throughout the weekend to make these stunning works of art. Using blocks of ice hauled from Yellowknife Bay, 15 teams of carvers competed in the De Beers Inspired Ice contest – including, for the first time carvers from Europe.
“Following positive early signs for diamond-jewelry sales over the holiday season in the US, the need for the industry to restock led to increasing demand for our rough diamonds in the first sales cycle of 2018,” De Beers CEO Bruce Cleaver said Tuesday. “This seasonal restocking demand does usually see ...
Brands and blockchain: How Walmart, Burger King and De Beers are snuggling up to decentralization ... Diamond powerhouse De Beers even has plans for its own industry blockchain. Author. Mike O' .... De Beers will begin its pilot project later this month, aiming to launch the diamond blockchain this year.
Something new is happening in the diamond industry—the De Beers Blockchain. The international diamond company is making a stand against blood diamonds and the violence that takes place in their acquisition. De Beers has turned to blockchain technology to help combat the conflict diamond issue.

Impact's announcement comes a week after De Beers, one of the largest diamond producers, revealed a pilot Blockchain initiative to ensure their diamonds are conflict-free. De Beers's Blockchain program is designed to prevent conflict-diamonds from entering the markets by tracking each diamond from ...
De Beers CEO Bruce Cleaver said, "Diamonds hold enduring value and represent some of life's most meaningful moments, so it's essential to provide assurance that a diamond is conflict-free and natural. By leveraging blockchain technology, we will provide an additional layer of assurance to consumers ...
Dealers upbeat and maintaining firm prices, with expectations of higher rough prices and 1Q stock replenishment. Rough market robust, with large De Beers sight expected next week. Jewelers discounting less amid increase in consumer spending this holiday season. US equity markets hit new highs as ...
The world's largest diamond producer is toying with the idea of implementing a crypto-technology, blockchain system, similar to the one that powers the crazily valued Bitcoin network. De Beers' CEO said that the system, a roll-out of which could be expected in a couple of months, will work across the ...
With a blockchain, the same technology that underlies cryptocurrencies such as bitcoin, De Beers can mark and track every transaction that occurs with a particular gemstone. The technology provides a distributed ledger that uses cryptography to secure transaction data and make it extremely difficult to ...
Blockchains are resistant to modification, which explains why diamond company De Beers is getting in on the technology to create permanent diamond records. "Diamonds hold enduring value and represent some of life's most meaningful moments, so it's essential to provide assurance that a diamond is ...
De Beers has a vested interest in making sure people know where their diamonds come from. They once had an absolute monopoly on the diamond business, and even though they no longer have full control, they are still the largest diamond producer in the world when using value as a yardstick.
Namibia's top diamond producer, Namdeb, a 50/50 joint venture company between the country's government and De Beers, has begun offering early and voluntary retirement to at least 130 of its 1,700 workers, Xinhua reports. According to the agency, the move seeks to ensure the sustainability of Namdeb ...
De Beers is running a pilot scheme using blockchain to create a virtual ledger of diamond sales. The technology made famous by the cryptocurrency is also seen as having the potential to reshape industries from finance to retailing. It will enable De Beers to show transactions to all participants while ...
De Beers, the diamond unit of Anglo American, is harnessing blockchain technology to keep track of every movement of a gem. Set to launch later this year, the new industry-wide blockchain aims to document the movement of diamonds and other gems from the time they are dug up from the ground.
(See also: De Beers Using Blockchain to Authenticate Diamonds.) While a cryptocurrency may lose value or even die out, the technology the industry has ushered into the mainstream could have much broader applications. Investing in cryptocurrencies and other Initial Coin Offerings ("ICOs") is highly risky ...
Collider has picked up clients including Astra Zeneca, De Beers, Bookatable and Seat over the past six months. Tuckett joined Oliver in 2014 as planning director and became client services director in 2016. He has also worked at Saatchi & Saatchi X and Haygarth. His appointment follows Charlotte ...
Without a buyer, it was cut into at least 20 pieces, something one former De Beers executive called an unpardonable act. The largest of the cuts, the 70-carat Excelsior I, was bought for $2.6 million and now sits in a bracelet. The Cullinan Diamond. Fifth biggest diamond found in mountains of Lesotho, Africa.
As IBM makes strides in shipping blockchain utilization, diamond industry leader De Beers will launch a blockchain initiative this year to track gems whenever they change hands, Reuters reported. The tracking is said to begin the moment a diamond is extracted from the ground. It's the company's latest step ...
The mine, a joint venture between De Beers Canada, which has a 51% stake and is the operator, and Mountain Province Diamonds, was forecast to produce an average of 4.5 million carats annually – a target that was met by early October for 2017. The out-performance was put down to higher than ...
(IDEX Online) – De Beers Canada intends to file a final closure and reclamation plan for its defunct Snap Lake diamond mine and an end to the care and ... it is premature to discuss what final closure will look like or what the associated costs will be," said De Beers spokesperson Terry Kruger told CBC.
De Beers Canada has notified the Mackenzie Valley Land and Water Board it intends to file a final closure and reclamation plan for its defunct Snap Lake diamond mine. On Dec. 14, the company requested to forego filing an interim closure plan — something that would have essentially extended care and ...
Allan Rodel, General Manager of De Beers' Gahcho Kue Mine, feels the investment is a commitment to the North. “With our sponsorship, we want to provide stable funding for the competition, allowing the committee a strong financial foundation to grow this excellent event,” says Rodel. “We hope it also ...
The Antwerp World Diamond Centre (AWDC) is in discussions with De Beers about a potential blockchain venture, the Belgian trade organization said last ... Earlier this month, De Beers CEO Bruce Cleaver announced the miner was investing in a new blockchain platform that would trace diamonds' paths ...
JOHANNESBURG - Diversified mining group Anglo American said on Tuesday the value of rough diamond sales for its subsidiary De Beers' first sales cycle of 2018 amounted to $665 million compared with $729 million over the same period last year. "Following positive early signs for diamond jewellery ...
Wind of change sees DMR grant prospecting licences to De Beers ... De Beers Consolidated Mines CEO Phillip Barton talks to Mining Weekly Online's Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer. Embed VideoPopup VideoInstagram · DownloadBuy Photos.
The company will pilot the new program this year, making it easier for customers to buy their entire supply in one place, Neil Ventura, De Beers' executive vice president of auction sales, said in a blog post Monday. De Beers will use the test period to determine whether the strategy works for clients before ...
Meghan Markle's reclusive dad pictured - and it is not just Prince Harry's fiancee who is a fan of De Beers. As the royals quaffed champagne, Thomas ... Clutching a plastic bag laden with cans, Meghan Markle 's reclusive dad shows the pair both love De Beers. While her engagement ring is rumoured to ...
Originally developed in response to customer demand for short-term consistency of supply, De Beers' Auction Sales business transitioned away from the prior floating price forward sales mechanism and has experienced increased customer demand for its fixed price mechanism, especially from businesses ...
De Beers has appointed Neil Ventura as vice president of strategy and innovation, following the departure of Gareth Mostyn in October. ... Paul Rowley (right), who is currently executive vice president of De Beers' Global Sightholder Sales, will fill the role vacated by Ventura as head of the auction business, ...
De Beers, the world's largest rough diamond producer by value, is making some changes to its executive committee, which will see it bringing in Alessandra Berridge from parent company Anglo American (LON:AAL). Effective February 1, Neil Ventura, currently executive vice-president, auction sales, will ...
“We are investing in a new platform that will provide a single, immutable record that traces a diamond's individual journey through the value chain,” said De Beers. The blockchain platform will provide a tamper-proof and permanent record of transactions while preserving the privacy of participants.
De Beers is investing in a new platform that will track diamonds throughout the value chain, using blockchain technology. The new platform “will provide a single, immutable record that traces a diamond's individual journey through the value chain,” said CEO Bruce Cleaver in a blog post. The system can ...
De Beers, its chief executive announced today, is planning to use the tech in a bid to boost transparency across the diamond supply chain. The firm, the world's largest miner of diamonds, says it wants to use the tracking platform in order to rebuild trust in the diamond distribution process – as well as ...
Interestingly, all of the mines we have sold remain operational to date when positioned under different cost structures and business models,” states De Beers Consolidated Mines CEO, Phillip Barton. Voorspoed employs about 1 000 people (including contractors), all with a minimum Matric education level.
Decline development for this mine is well underway and advancing according to plan,” says Phillip Barton, CEO of De Beers Consolidated Mines. The larger scale K01 open pit's mine life will finish in 2023, facilitating the production start-up from the underground resource immediately thereafter. “Mining ...
The government of Namibia and De Beers' 50:50 joint venture Debmarine Namibia is aiming to start the operation of a new $142-million, ...
Debmarine Namibia, a 50/50 joint venture between the government of Namibia and De Beers, is aiming to start operations of the new vessel in ...


 

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