De Beers plans to be carbon neutral by 2030; to clean up its supply chain

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Diamond mining giant De Beers outlined plans to ethically source its diamonds and be carbon neutral by 2030 due to growing investor pressure on companies to be environmentally and socially responsible. The initiative is the latest example of a miner setting sustainability goals in an industry blamed for depletion of natural resources, smuggling and child […]

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De Beers slashes diamond production forecast amid market collapse

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De Beers, the world’s largest diamond miner by value, cut 2020 production guidance by a fifth on Thursday, as the coronavirus pandemic has brought the global supply chain to a halt, affecting demand. The Anglo American unit said it expected to produce between 25 and 27 million carats this year, down from a previous forecast of 32 to […]

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Indian jewellery exporters contact mines directly to supply small quantity of rough diamonds to SMEs

Faced with an irregular supply of quality diamonds, which is hurting domestic sales and exports, diamond processors, under the aegis of the Gems and Jewellery Export Promotion Council (GJEPC), are in talks with leading global miners to accommodate small and medium enterprises (SMEs) into their sightholders’ list to deal with them in small quantities of […]

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Lab-grown diamond jewellery exports from India to capture 2% of US market

Jewellery made from lab-grown diamonds is likely to capture over 2 per cent of India’s $14 billion worth of overall gems and jewellery exports to the US, the world’s largest consumer of the precious stones and metals, contributing nearly half of the world production. Exports to US, the largest market for Indian exporters is estimated at $280 […]

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De Beers to curb supply on weakening of diamond market

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De Beers, the world’s biggest diamond miner by value, is scaling back production plans for this year as it tries adjusting to a brewing industry crisis that’s hitting prices and lowering demand for precious stones. The Anglo American unit said a range of factors, including ongoing trade tensions between the United States and China, contributed to a 27% drop […]

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