De Beers says it is seeking a full retraction of the statement by African Diamonds that claimed that De Beers failed to notify the company of a disposal of shares.
“We take our regulatory obligations extremely seriously and confirm that we made the necessary filings in accordance with the relevant regulations. We are seeking a full [...]
Company News
De Beers Seeks Full Retraction of African Diamonds Statement on Share Disposal
Company News
Diamdelrsquo;s Auctioning Partner, Curtis Fitch, positioned in the Visionaries Quadrant of the 2010 Magic Quadrant for Strategic Sourcing Suites
pCurtis Fitch, a leading provider of eSourcing solutions, today announced that Gartner, Inc., a leading independent provider of research and analysis on the global information technology industry, has positioned Curtis Fitch in the visionaries quadrant of the latest Magic Quadrant for Strategic Sourcing Suites report. The report evaluated software providers based on their ldquo;Ability to [...]
Australia
Seafield signs agreement with De Beers and AngloGold Ashanti
pSeafield Resources has signed a Memorandum of Understanding with a recently established marine exploration and mining joint venture formed by De Beers (DB) and AngloGold Ashanti (AGA)./p
pThe DB/AGA joint venture has committed to fund the Seafield prospecting and exploration activities for at least the next three years, or until the initial funding is exhausted, thereby [...]
Asia
De Beers 5.16 Carat Millennium Blue Diamond Has Estimate of up to $5.8 Million for Sothebys Auction
pOne of the items on auction at the Sothebys Hong Kong April sale will be a De Beers Millennium Jewel: A pear-shaped internally flawless fancy vivid blue diamond ring weighing 5.16 carats. The estimate is between US$4.6-5.8 million./p
pMr. Kevin Ching, Chief Executive Officer, Sothebyrsquo;s Asia, says, ldquo;Our last Autumn Sales totalled a stunning 88% above [...]
De Beers
Natalia Vodianova Sports 122 Carat De Beers Diamond Necklace to the Love Ball 2010
Following the success of last year’s inaugural Love Ball, Natalia Vodianova and Lucy Yeomans, Editor-in-Chief of Harper’s Bazaar UK, last night hosted The Love Ball, proudly supported by De Beers in aid of the Naked Heart Foundation.
Natalia Vodianova was radiant in a stunning De Beers necklace made of pear-cut diamonds, totalling over [...]
Africa
Barend Petersen Appointed Acting Managing Director of De Beers Consolidated Mines as David Noko Steps Down
The De Beers Group has announced that David Noko, Managing Director of De Beers Consolidated Mines (DBCM), the Group’s South African mining entity, will step down after eight years with the company; four years as its Managing Director. He will leave at the end of March 2010.
David said, “The time is right for me [...]
Canada
Diamond Decorative Piece Showcased in the Winter Olympics Aboriginal Pavilion
A throat decoration, which features diamonds from Snap Lake on loan from De Beers and designed by Canadian aboriginal designer Angela DeMontigny, is being showcased in the Aboriginal Fashion Showcase in the 2010 Aboriginal Pavilion of the winter Olympics.
The gorget, named Universal Unity, is to tour throughout Canada at upcoming fashion events such as Montreal [...]
Canada
De Beers Canada Supports the Diamond Bourse of Canada
De Beers Canada has expressed its support for the Diamond Bourse of Canada, which opened in late January 2010.
The bourse is an industry led and member supported initiative, with the cooperation of the governments of Ontario and the Northwest Territories, to provide a safe, secure venue for diamond merchants to trade rough and polished diamonds.
“The [...]
Africa
Petra Diamonds Limited Plans to Take Production from 1 Million Carats to 3 Million Carats per Annum by 2019
According to Petra Diamonds Limited unaudited interim results for the six months to 31 December 2009, the company’s gross mine revenue was up 32% to US$62.4 million from US$47.3 million in the second half of 2008. Petra Diamonds’ Group attributable revenue was up 43% to US$48.4 million, against the US$33.8 million recorded in the [...]
Africa
Debswana Targets Diamond Production of 20 Million Carats in 2010
Botswana’s diamond mining giant Debswana Diamond Company says it is targeting to produce at least 20 million carats of diamonds which levels to around 60 percent of its normal production in the year 2010.
Africa
Botswana Government Bond Ratings Changed to Negative from Stable by Moody’s Investor Service
Moody’s Investors Service has changed the outlook on Botswana’s A2 government bond ratings to negative from stable, reflecting the continued strain on the country’s finances imposed by the global economic crisis.
Moody’s notes that Botswana’s economy was hit especially hard at the beginning of the crisis, when worldwide demand for luxury goods such as diamonds literally [...]
Africa
Gareth Penny Appointed Chairman of Debswana Board of Directors
Gareth Penny, Managing Director of the De Beers Group, has been appointed as Chairman of the Board of Directors of Debswana for a two year period. Mr Penny takes over from Mr Eric Molale, the Permanent secretary to the President.
Gareth, who was appointed Director of Sales and Marketing of the Diamond Trading Company (London) in [...]
