Anglo American (OTCQX:AAUKD) (OTCQX:NGLOD) 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 ...

Forbes contributors publish independent expert analyses and insights. Pam Danziger reports on retail, focused on the luxury consumer market. Anglo American, the $30.7 billion British multinational ...

A six-year synthetic diamond experiment by De Beers is being abandoned in the first aftershock of the failed $49 billion attempt by BHP to buy mining rival Anglo American, the current owner of the ...

Diamond giant De Beers slashed the price of its lab-grown rocks by nearly 40%, citing their plummeting wholesale prices, the London-based company said Friday. The man-made gems, which have gained in ...

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. In the process, he hopes to rescue his iconic ...

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 ...