In a statement issued on Tuesday, De Beers Group has announced that it has successfully completed the acquisition of a 50 percent stake in LVMH De Beers Diamond Jewellers, to become the full owner of the company.
De Beers Diamond Jewellers trade network includes 32 stores in the 17 key markets of consumer goods around the world. This includes growing the company's business in Greater China, and it covers Chinese customers around the world. In addition, the sales network maintains a constant presence in London and Paris, and has found a new flagship store in New York.
Bryus Kliver (Bruce Cleaver), CEO of De Beers Group in this regard, said: "Thanks to the strong brand recognition, unmatched expertise in working with diamonds and a commitment to a responsible approach to business, the company De Beers Diamond Jewellers is reliable and industry-leading diamond jeweler. Better integration of the brand and the network of jewelry stores De Beers Diamond Jewellers allow us to make even more differentiated diamonds offer along with our rapidly growing diamond brand Forevermark ».
Fransua Delazh (Francois Delage), CEO of De Beers Diamond Jewellers commented on the event: "The company De Beers Diamond Jewellers firmly established among the leading retailers of diamonds in the world. We already have a common heritage and a strong bond with the brand De Beers Group. Becoming fully part of the Group, we are even more benefit from the unique diamond culture created since 1888. We will continue to offer impregnated with enthusiasm and with nothing comparable knowledge of diamonds to our discerning customers around the world. "
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2015 was a difficult one for the global diamond trade. Poor economic conditions caused a slowdown in demand for diamonds worldwide. The recession did not escape as Antwerp, which is the largest center of the global diamond trade. Trade figures of February, however, show signs of recovery. The diamond trade was characterized by the rise.
According to the Antwerp World Diamond Center (Antwerp World Diamond Centre, AWDC) , Antwerp was imported and exported diamonds in February 2016, totaling $ 5.1 trillion. The total volume of trade in rough diamonds and diamonds amounted to 25 million carats. Compared with February 2015 year, this represents an increase of 38% in physical terms and by 4.5% in value. During the same period last year were sold for a total of 18.3 million carats of diamonds worth $ 4.8 million.
When comparing the trade performance in February 2016 and January 2015, we see, in particular, a remarkable turnaround. Rough imports in February increased by 82% in value and 106% by volume. A total of 12 million carats of rough diamonds were imported in February, totaling $ 1.3 trillion.
Russia remains the largest supplier of rough diamonds, it provided about 33% of the supply of rough diamonds imported in February. In value terms, Russia has provided good results in not less than 36% of all unpolished stone that came to Antwerp. In numerical terms, Russia exported 4.25 million carats of rough diamonds worth $ 435 million.
The fact that the diamond trade showed such a sharp rise in the last month, indicating that trade is gaining momentum. Nevertheless, it is still too early to say that the world diamond trade is stabilizing. This will become clear only in the coming months.
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