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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: De Beers

De Beers stories: 5 news summaries

 Downturn Dulls 
 Gem Trade's Gleam 

Effects felt worldwide as Americans stop buying bling

Mar 28, 09 2:10 AM CDT
(Newser) - The worldwide slowdown in spending is making for rough times in all facets of the jewelry business, reports the Washington Post. More than a thousand jewelers in the US—which buys almost half the world's polished diamonds—have gone bust, and the effects are being felt from the mines of... More »

MORE ABOUT:
recession • diamond • De Beers • jewels • jewelry • gems • Tiffany's

De Beers to Halt Work
at Diamond Mines

Firm last suspended production during the Great Depression

Feb 24, 09 2:19 PM CST
(Newser) - De Beers has temporarily shut down its diamond mines in Botswana due to low demand for the precious stones, the Telegraph reports. The firm’s Botswana mines account for half of De Beers’ output, and about a fifth of diamond production worldwide. De Beers was not able to sell a... More »

MORE ABOUT:
Africa • diamond • sales • mine • De Beers • Botswana • gems

 Would You Mind 
 If This Wasn't Mined? 

Lab-created diamonds get ever closer to nature's version—to chagrin of some

Jun 12, 08 12:07 PM CDT
(Newser) - De Beers might like you to think a “diamond is forever,” but try this on for size: “A diamond is for everyone.” In a secret Massachusetts lab, Apollo Diamond is using novel technology to grow diamonds virtually indistinguishable from their mined cousins, the Smithsonian reports. Unfortunately... More »

MORE ABOUT:
technology • diamond • De Beers • blood diamonds • semiconductor • gems • synthetic diamond • industry

Diamonds
Are a Girl's
Best Refund

Class-action suit forces gem giant De Beers to cut consumers a check

Jan 21, 08 10:13 AM CST
(Newser) - If you bought a diamond—any diamond—between 1994 and 2006, De Beers owes you money. The jewelry behemoth recently settled a class-action lawsuit that accused it of driving up diamond prices with monopolistic practices. To compensate, it will pay consumers up to 59% of their bling’s original price.... More »

MORE ABOUT:
lawsuit • diamond • class action • De Beers • settlement • jewelry • monopolistic practices

Tests Will Tell
if Big Stone
Is Indeed Gem

Could be world’s largest diamond

Aug 31, 07 8:23 AM CDT
(Newser) - A South African mining company will know soon if they’ve found the world’s largest diamond, with tests scheduled for next week. The light-green stone was found several days ago; experts say it may turn out to only a fluorite crystal, the BBC reports. A spokesman for De Beers,... More »

MORE ABOUT:
mining • South Africa • world record • diamond • De Beers

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