Richest Person In South Africa: Nicky Oppenheimer Net Worth
Nicky Oppenheimer is South Africa's richest person with $7.6 billion net worth. He is the third generation chairman of De Beers. Aside from mining, he also owns a charter flights business.
De Beers Group Buys Out, Takes Compete Complete Ownership Of Its Jewelry Holdings From Louis Vuitton-Moet Hennessy
De Beers Group announced that it bought LVMH's 50 percent shareholding in De Beers Diamond Jewelers.
Asians Will Buy More Diamonds Than Americans By 2020: Report
A new survey predicts by 2020 Chinese and Indians will together buy more of the precious rock than Americans.
South Africa: Zuma Blames 'White Control' For Economic Woes, While Bidding For Second Term
?The time has come to do something more drastic toward economic transformation and freedom,? Zuma said.
Whites Still Control South Africa?s Economy: Jacob Zuma
Zuma?s ruling party has proposed that the nation?s key mining sector pay more in taxes to finance social spending and also wants to encourage state-owned enterprises to create more jobs.
Diamond Mine Collapse Kills 'At Least' 3 in South Africa
The accident happened in an area formerly operated by diamond giants De Beers.
Diamond demand to outpace supply growth to 2020-Bain
Chinese and Indian appetite for diamonds will fuel demand growth of more than 6 percent a year over the next decade and almost double the size of the market, far outpacing supply increases limited by a lack of new mines, Bain & Company said in a report.
India and China to Fuel Diamond Demand over the Next Decade: Report
Chinese and Indian appetite for diamonds will fuel demand growth by more than 6 percent a year over the next decade and almost double the size of the market, far outpacing supply increases limited by a lack of new mines.
London jeweler Graff plans $1 billion HK IPO
London-based jeweler Graff Diamonds plans to raise about $1 billion in a Hong Kong listing next year, a move that could fund expansion in Asia and capitalize on booming gem prices.
Anglo-American to Take Control of Iconic Diamond Company De Beers
t the closing of the deal, Anglo-American will have an 85 percent in stake in De Beers, the largest diamond distributor in the world.
Rough diamond demand growth to hit record
Diamond producer De Beers expects global demand growth for rough diamonds to set a new record this year on the exceptionally strong performance of its key U.S. market and robust demand in China and India, the head of the company's distribution arm said.
De Beers in New Contract with Botswana
Diamond producer De Beers said on Friday it had signed a new 10-year contract for the sorting, vaulting and sales of the diamond production of Debswana, its joint venture with the government of Botswana.
De Beers returns to profit, remains cautious
De Beers, the world's largest diamond producer, returned to a profit in 2010 as production rose 34 percent and diamond prices recovered to pre-crisis levels, although it remains cautious about the market this year.
De Beers sees 2011 diamond price growth shy of 2010
Rough diamond prices are expected to rise further this year, but will not match last year's sharp double-digit percentage rebound, which was boosted by restocking from jewellers, the head of De Beers sales division said on Monday.
Russia hints at selling off Alrosa diamonds
Russia said it is considering selling off the diamonds it bought last year for $1 billion from state-owned Alrosa, the world's largest rough diamond producer.
De Beers to launch special diamond brand in India
Diamonds giant De Beers has set its eyes on Indian market in a big way. The company has decided to launch its 'Forevermark' brand in India, with an aim of creating a more affordable line of jewellery targeted at the middle income segment.
Russia buys $1 bn diamonds to support miner
As the world's largest diamond congress is meeting in Russia starting Monday, July 12, 2010 the Russian government has set the ball rolling with the announcement of the government buying out $1 billion worth of diamonds from the country's Alrosa, a monopoly firm that was plagued with global economic crisis.
De Beers cuts debt, cautious after 2009 loss
Top diamond producer De Beers bolstered its balance sheet on Thursday with a $1 billion rights issue and bank refinancing as it swung to a annual $220 million underlying loss after demand plummeted for luxury goods.