Metals and Mining
Company Overview of De Beers Société Anonyme
De Beers Société Anonyme, together with its subsidiaries, engages in the exploration, mining, and marketing of diamonds. It focuses on diamonds and coal at its exploration properties located in Angola, Botswana, Canada, India, Namibia, and South Africa. The company offers rough diamonds; polished diamonds and diamond jewelry to consumer markets; and develops synthetic supermaterials for industrial applications. It markets diamonds under the Forevermark brand; and operates a network of 43 retail stores under the De Beers Diamond Jewellers name in 13 countries, as well as sells its products through auction sale. The company was founded in 1888 and is headquartered in Luxembourg. De Beers Socié...
Founded in 1888
Key Executives for De Beers Société Anonyme
Chief Executive Officer, Director, Chairman of Executive Committee and Chairman of Investment Committee
Chief Financial Officer, Director, Member of Executive Committee, Member of Investment Committee and Member of Treasury Committee
Executive Vice President of Marketing and Chief Executive Officer of Forevermark
Chief Executive Officer of Namdeb
Chief Executive Officer of Dbcm
Compensation as of Fiscal Year 2014.
De Beers Société Anonyme Key Developments
De Beers Group Reports Earnings and Production Results for the Full Year Ended December 31, 2014; Provides Production Guidance for the Full Year of 2015
Feb 16 15
De Beers Group reported earnings and production results for the full year ended December 31, 2014. The company's operating profit increased by 36% to USD 1.4 billion. The group realised a strong revenue growth of about 11%.
For the year, the group's production was up by about 5% at 32.6 million carats compared to 31.2 million carats in 2013.
The company provided production guidance for the full year of 2015. The global production for 2015 was forecast to be between 32 million carats and 34 million carats, but this was subject to market demand.
The De Beers Group Announces Investments on Mines
Feb 16 15
The De Beers Group announced that the Group would invest USD 3 billion in 2016 to develop one new mine in Canada, which was probably the biggest new diamond mine to be built in 10 or 20 years. In addition, the Group was also extending the lives of two of its very important mines, namely Jwaneng Cut8 and a mine in South Africa. Group plans to invest somewhere between USD 800 million and USD 850 million across the world, in 2015.
De Beers Group to Launch Forevermark in UK and Ireland
Jul 18 14
The De Beers Group of Companies has announced that it will launch its diamond brand, Forevermark, in the UK and Ireland in fall 2014. Crossworks Manufacturing Ltd. has been appointed as the only licensee partner and will be working with a select numberof retailers to bring Forevermark diamonds to the region.
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