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Yesterday

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Sergey Eroshkin appointed new CEO of Bourevestnik

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Star Rays aspires to become India’s first carbon-neutral diamond company

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Young Indians embrace platinum as a symbol of modern love and self-expression

While traditionally a market for gold jewellery, India has developed a strong appetite for platinum over the past decade.

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Anglo’s Cutifani promises changes in diamond sights as De Beers embarks on “re-think”

04 february 2020

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     Image credit: De Beers


(miningmx.com) - Anglo American CEO, Mark Cutifani, confirmed the group’s 85%-owned De Beers was considering an overhaul in the way in which it sold rough diamonds to cutters and polishers – known as the mid-stream – , adding that no buyer “will be unaffected”. “We have to re-think and re-imagine it, but we also need to do it with the midstream, not to the mid-stream,” he said of about 85 companies invited at regular times throughout the calendar year to buy rough diamonds from De Beers. “I don’t know where it will land but everyone who is a partner will have to look at a different world,” he said. Cutifani was commenting in an interview with Miningmx at the Mining Indaba conference in Cape Town.