Debswana keeps keen eye on growing Lab-grown diamonds
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Debswana the world’s leading rough diamonds producer by value says it is “watching” the developments around lab grown diamonds closely as events unfold.
The world‘s largest jewellery maker Pandora, this week announced that it will completely abandon mined diamonds and shift totally to lesser expensive stones manufactured in laboratories citing “environmental reasons.”
Pandora is by far one of the most important jewellery makers in the world.
The company which started as a family-run jewellery shop in Copenhagen, Denmark, is now globally known for its customizable charm bracelets, designer rings, necklaces and watches, crafting them from the world’s finest mined diamonds.
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De Beers sees its rough diamond sales in third sales cycle reduced by 20%
By Dineo Faku
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JOHANNESBURG - DE BEERS, the worldâs biggest diamond producer by volume, had 20 percent lower rough diamond sales during its third sales cycle of 2021 compared to the earlier cycle, on Covid-19 pandemic disruptions.
De Beers, an Anglo American plc subsidiary, yesterday reported $440 million (R6.4 billion) in sales during the third sales cycle, down from $550m in the second sales cycle of 2021.
Chief executive Bruce Cleaver said following a good holiday season and that trend continuing during the first quarter of 2021, De Beers had again seen solid demand for rough diamonds as it began a traditionally quieter period of the year for the diamond industry. âSales were in line with expectations and both market sentiment and overall industry conditions remain positive.