Moti Ganz, Chairman of the Israel Diamond Institute Group of Companies (IDI) hosted Israel’s first ever Diamond Town Hall Meeting with Gareth Penny, Managing Director of the De Beers Group and Varda Shine, Managing Director of the Diamond Trading Company (DTC). The meeting was attended by hundreds of Israeli diamantaires, who came to ask questions [...]
Forevermark Precious Collection Launched in Japan
Behind every Forevermark diamond is a precious story. Since the beginning of time, diamonds have inspired countless myths, tales and legends. In today’s world, this maybe a story of personal celebration, love pledged, a commitment made, the arrival of a child into the world, an anniversary, enduring love or of a triumph at work. Whatever [...]
South Africa’s NUM Tables Wage Demands with De Beers
South Africa’s National Union of Mineworkers (NUM), which represents the majority of workers at diamond giant De Beers in the country, has tabled its demands with De Beers. The NUM demands that De Beers should offer its employees a 15% wage increment and ensure that the lowest paid workers get a minimum of R5,000 ($623) [...]
JVC Files Brief and Motion to Lessen Hardship Jewelers Face in Today’s Harsh Economic Climate
The Jewelers Vigilance Committee (JVC) has filed a brief and motion in the United States Court of Appeals for the Third Circuit seeking “friend of the court” status. The brief urges the Court to uphold the order approving the settlement of the class action lawsuit filed by jewelers and consumers against De Beers. A small [...]
NUM Describes De Beers Defeat at Labor Court as ‘Humiliating’
South Africa’s National Union of Mineworkers, which had approached the Labour Court for relief after De Beers served its members with Section 189 notices and retrenched them illegally without following due processes as stipulated in the Labour Relations Act, has described De Beers’ loss in the court as a ‘humiliating defeat’. The NUM held that [...]
Canadian Diamond To Launch on Space Shuttle
A diamond from the Northwest Territories will launch into space and into history this month when Canadian Space Agency Astronaut, Julie Payette, flies aboard the Space Shuttle Endeavour on Mission STS-127, scheduled for liftoff on June 13. The Legendary Sky Diamond will be part of the Official Flight Kit on Payette’s 16-day mission and will [...]
Forevermark Introduces Diamond Grading Report
Diamond brand Forevermark, has introduced its Forevermark Diamond Grading Report to further enhance and complement its unique promise of quality and integrity. Authorised Forevermark Jewellers are now able to provide a Forevermark Diamond Grading Report which reveals the secrets of a diamond’s alluring and unique characteristics. It is an accurate blueprint of the qualities (Cut, [...]
Nicky Oppenheimer Speaks of Renewing Africa’s Competitive Spirit
Nicky Oppenheimer, Chairman at De Beers recently spoke at the African Day celebrations at the African Union Headquarters in Addis Ababa. The event was attended by over 350 people, including the Foreign Minister of Ethiopia, Seyoum Mesfin, the Deputy Chair of the Commission of the African Union, Erastus Mwencha, the AU Commissioner for Political Affairs, [...]
2008 Socio-Economic Results Released for Snap Lake Mine
De Beers Canada Inc. has released its 2008 Snap Lake Mine Socio-Economic Report summarizing the company’s contribution to the economic, social and cultural well-being of the Northwest Territories. Highlights in the report include: • Another $295.9 million spent in 2008, bringing the company’s investment on Snap Lake’s construction and operations to $1.235 billion at the [...]
De Beers and Debswana Donate 10 Million Pula for Community Projects in Botswana
On May 20, 2009, the Diamond Trust a non-profit making entity founded by Debswana and De Beers to fund large scale community projects, signed a P10 million agreement for the implementation of the Tsodilo Hills World UNESCO Heritage Site Management Plan. The Diamond Trust was launched in 2007 and is a vehicle for Debswana [...]
The Forevermark Precious Collection Unveiled in China
Forevermark has unveil the exclusive, and much anticipated, Forevermark Precious Collection in China. Francois Delage CEO Forevermark, Jiang Qiong Er, Alan Chan, Bao Bao Wan, Barney Cheng, Cindy Chao, Theo Fennell at the Forevermark Precious Collection™ launch in China Behind every Forevermark diamond is a precious story. Since the beginning of time, diamonds have inspired [...]
Business Action for Africa: Accelerating Business-Led Growth and Collective Action
Business Action for Africa recently launched its latest report 2008 MDBs at the midpoint: Accelerating business-led growth and collective action. The Report focuses on the international and national policies needed to drive growth and poverty reduction in Africa. BAA believes that focusing on the factors needed to facilitate entrepreneurship, investment and innovation is the key [...]