Turnover: 4.8 billion EUR (2020)
Country: United Kingdom
De Beers is a South African diamond conglomerate. Founded in 1888 to exploit South African mines, De Beers is now active in many countries (Botswana, Namibia, South Africa). For most of the 20th century, De Beers has endeavoured to monopolize the supply of rough diamonds to all diamond dealers and diamond-cutting factories in the world, thus managing to control the market, set prices and avoid price fluctuations by keeping them at a high level. However, De Beers' dominance of the world diamond market has increased from 90% (in the 1980s) to 40% in the early 2010's. The market is now dominated by the De Beers' own diamond company .
News
Diamonds are not in crisis 11/02/2022
- 2020 sales: 4.2 billion euros
- 2019 sales: 4.8 billion euros
- In 2020, sales of the world's leading diamond producer, Russia's Alrosa, fall by 66%
- In January 2020, De Beers raised prices by 8%, its biggest increase in recent years
- Artificial diamonds account for 6 million carats, compared with 111 million for natural diamonds
Studies mentioning this company
The diamond market - France
Other companies mentioned:
- LVMH Vins et Spiritueux
- Cartier (Richemont groupe)
- Alrosa
- De Beers
- Rio Tinto
- Petra Diamonds
- Van Cleef & Arpels (Groupe Richemont)