Tag Archives: De Beers

Production and revenue decline at Diavik Diamond Mine

Production at Canada’s Diavik Diamond Mine dropped 17 per cent in 2024, as Rio Tinto faced challenges stemming from a struggling global diamond market, a tragic plane crash at the mine, and the shift to underground mining operations at one of its pipes. The decline reflects broader difficulties within the diamond mining sector, where other major players have also seen significant losses.

According to National Jeweler, Rio Tinto reported that Diavik’s production … Continue reading Production and revenue decline at Diavik Diamond Mine

+ Read More

Three NWT students receive De Beers scholarships

De Beers has awarded $4,500 scholarships to three women from the Northwest Territories (NWT) as part of its initiative to support women in science, technology, engineering, and math (STEM). 

The 2025 scholarship recipients are Aubrey Sluggett from Yellowknife, Madison Menacho-Melnyk from Norman Wells, and Symone Berube, who resides in Yellowknife but was raised in Fort Smith. 

As per Cabin Radio, Sluggett is pursuing a health science … Continue reading Three NWT students receive De Beers scholarships

+ Read More

De Beers to offer country of origin data

De Beers Group has announced a new level of transparency in diamond sourcing will begin in 2025. Using Tracr, De Beers’ advanced diamond traceability platform, the company will provide country of origin data for all newly registered diamonds exceeding 0.5 carats in polished form.

+ Read More

De Beers to be sold

British multinational mining company Anglo American has confirmed its plans to sell its diamond subsidiary, De Beers, publicly stating that De Beers will be “divested or demerged” from its portfolio. Anglo American currently holds 85 per cent of De Beers’ shares, the remaining 15 per cent is owned by the government of Botswana.

+ Read More