Mellier confident Anglo American committed to keeping De Beers
De Beers CEO Philippe Mellier says he is fully confident that parent company Anglo American has no plans to sell the veteran diamond producer.
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De Beers CEO Philippe Mellier says he is fully confident that parent company Anglo American has no plans to sell the veteran diamond producer.
Dominion Diamond Corp. has been in the news quite a bit lately with its sale of Harry Winston and purchase of the Ekati mine.
No two diamonds are alike and it seems neither are their grading certificates. A survey by RapNet – the Rapaport Diamond Trading Network, found significant differences between laboratories grading the same diamond.
Las Vegas-According to De Beers Group and its CEO Philippe Mellier, the future of diamonds lies in diamond brands, particularly those with a traceable, and clean, history.
After sending 10 different diamonds to grading labs in the United States and abroad, a Rapaport survey found opinions that differed by as much as three color grades.
JCK sent a single diamond to a quartet of industry labs to gauge their consistency (or lack thereof).
Frances Gerety wrote “A Diamond Is Forever” for an advertising campaign for De Beers in 1947, and wrote all of the company’s ads for 25 years.
Unique diamonds are the talk of the town. While the rest of the trade struggles along, dealers at this week’s Basel show reported strong demand at the very top-end of the market.
Over the past ten years, Dubai has firmly secured a footing as a world diamond and jewelry manufacturing center.
Over $3 billion (P25 billion) worth of diamonds have been aggregated in Gaborone and distributed to three countries since the relocation of the exercise from London in August last year, Mmegi reported.
Investors interested in the diamond junior sector should set out with an awareness of three key facts: the process of taking a mine from exploration to production is long, expensive and has an extremely low success rate.
Anglo American, which completed the consolidation of its 85-percent stake in De Beers last year, has gained control over the world’s largest diamond mining company possessing unique assets, a distribution network and brands, one of which, “A diamond is forever,” is recognized as the most effective slogan of the 20th century.