The brand made mined diamonds synonymous with love and devotion. Now the CEO decries what he calls a ‘huge con’ in lab-grown stones masquerading as precious.

De Beers chief executive Al Cook wants to save a generation of lovers and newlyweds from what he calls a “huge con” when it comes to buying diamonds. PREMIUM Are Diamonds Even a Luxury Anymore?

Anglo American Plc’s handling of the De Beers sale has angered Botswana, which owns 15% of the diamond producer, because the government believes that it hasn’t been properly consulted, people ...

Anglo American Plc’s handling of the De Beers sale has angered Botswana, which owns 15% of the diamond producer, because the government believes that it hasn’t been properly consulted, people with ...

Anglo American is selling its diamond unit, De Beers, after a failed bid last year. Three former De Beers CEOs and a mining executive are interested.

Anglo American is set to begin the formal sales process for its De Beers unit after it received interest from potential buyers including two former CEOs of the diamond company.

Anglo American is about to begin a formal sales process for De Beers, after receiving indications of interest from potential buyers that include two former chief executives of the iconic diamond ...

De Beers has been secretly selling rough diamonds at discounted prices to a select few customers, creating tensions among other buyers who are still expected to pay the company's official rate.

De Beers Group said Thursday that it plans to close Lightbox, its lab-grown diamond jewelry brand, saying that the closure reinforces its “commitment to natural diamonds in the jewelry sector ...

De Beers Group is getting out of the business for lab-made diamond jewelry, shutting down its Lightbox brand and refocusing on naturally occurring gems after a steep decline in the price of ...

The proposed closure of the Lightbox business reflects a key executional milestone in De Beers Group’s Origins Strategy, as set out in May 2024, to focus on high-return activities and streamline ...

De Beers is closing its lab-grown diamond jewelry business, Lightbox, it said on Thursday. The move signals the brand's commitment to natural gems.