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De Beers Maintains Low Diamond Supply
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De Beers will be unable to meet sightholder demand for the next six months due to a shortfall in production, according to its chief executive, Philippe Mellier. “We will have shortfalls for the rest of the intention to offer...
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Rough Markets
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Sep 20, 2012
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Avi Krawitz
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Lower Diamond Production
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Predicting the diamond market can be tricky at times, particularly for those on the supply side of the pipeline. Miners, generally loath to scale down operations, have understandably been treading cautiously in 2012.The pledge made last...
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Mining
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Jul 27, 2012
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Avi Krawitz
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Philippe Mellier Receives Order of Friendship Award
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Press Release: Philippe Mellier, the chief executive of De Beers Group, received the prestigious Order of Friendship Award from His Excellency Alexandre Orlov, Ambassador of the Russian Federation, in honor of his contribution to Franco-Russian relations in the...
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Rough Markets
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Mar 30, 2012
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De Beers
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Zimbabwe Diamonds Won’t Affect De Beers, Says Mellier
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The large quantities of rough diamonds from Zimbabwe’s Marange mines currently entering the market will have little impact on demand for De Beers goods or its prices, Philippe Mellier, De Beers chief executive, told Rapaport...
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Rough Markets
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Feb 12, 2012
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Avi Krawitz
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De Beers Sales Exceed $7B in 2011, Earnings Soar
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De Beers group sales jumped 26 percent year on year to $7.38 billion in 2011 driven by strong rough diamond price growth in the first half of the year. The company noted that prices at its Diamond Trading Company...
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Mining
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Feb 10, 2012
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Avi Krawitz
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Mellier: We Deal With a Product of Enduring Value
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The following transcript was from a speech delivered to Diamond Trading Company sightholders in London this past evening by Philippe Mellier, the chief executive of De Beers Group. Thank you Cynthia, and thank you Nicky. Along...
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Rough Markets
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Jan 25, 2012
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Philippe Mellier
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De Beers Appoints Anglo's Mostyn as New CFO
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De Beers has appointed Gareth Mostyn, the current head of corporate finance at Anglo American, as its new chief financial officer (CFO). He will assume the new role on February 1, replacing Stuart Brown who left the...
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Mining
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Jan 19, 2012
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Avi Krawitz
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Diamond Leadership
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It may still be early to assess what shareholder intentions were when they sought out a new chief executive officer (CEO) for De Beers. Chairman Nicky Oppenheimer’s directive was most likely to add value to the company...
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Rough Markets
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Oct 28, 2011
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Avi Krawitz
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De Beers CEO Dismisses Uncertainty, Forecasts Growth
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Philippe Mellier, the newly appointed chief executive of De Beers, downplayed concerns that negative sentiment in global financial markets will impact diamond demand despite the recent declines in rough and polished diamond trading.“I don’t...
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Rough Markets
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Oct 24, 2011
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Avi Krawitz
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De Beers Lowers 2011 Production Forecast
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De Beers lowered its production forecast for 2011 as maintenance and asset management issues, aggravated by heavy rainfall in southern Africa, resulted in lower-than-expected output in the first half of the year. Management told Rapaport News they...
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Mining
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Jul 26, 2011
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Avi Krawitz
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Just Another Diamond Miner
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De Beers is expected to post strong gains in its interim financial results scheduled for release on Tuesday (July 26, 2011) as diamond mining profits were boosted by the strong rough prices during the first half of the...
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Rough Markets
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Jul 21, 2011
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Avi Krawitz
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Adding Value to De Beers
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De Beers announced the much-anticipated appointment of its new chief executive officer (CEO) earlier this week, almost a full year after the position was vacated. Ultimately, the length of time taken to make the appointment,...
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Mining
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May 19, 2011
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Avi Krawitz
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