Monday, February 24, 2025 | 10:06 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

De Beers

De Beers plans to open 15 Forevermark brand retail stores in India in 2025

De Beers, a global leader in the diamond industry, on Wednesday announced it will foray into the retail segment with the opening of 15 Forevermark brand stores in India in the current year. De Beers India Managing Director Amit Pratihari said the plan is to establish 100 retail stores by 2030 with a revenue target of USD 1 million. "We are investing in retail through Forevermark jewellery brand. We will open 15 stores, eight in Delhi and the rest in Mumbai this year," he told reporters here. The retail space for opening the stores has been identified and probably, the first retail store will open in June-July, the official said, but declined to share the financial details. Pratihari said there is no threat to the natural diamond industry from synthetic diamonds while emphasising the need for quality certification to differentiate both to protect the interest of consumers. The company is working closely with the government in this regard, he added.

De Beers plans to open 15 Forevermark brand retail stores in India in 2025
Updated On : 29 Jan 2025 | 4:18 PM IST

Tanishq, De Beers collaborate to push sale of natural diamonds in India

This has also caused India to replace China as the second-largest market in the world for natural diamond jewellery

Tanishq, De Beers collaborate to push sale of natural diamonds in India
Updated On : 28 Aug 2024 | 9:16 PM IST

World's largest beer maker adds Budweiser Magnum whiskey to its India menu

India's love for darker spirits makes the world's largest beer maker enter the whiskey segment in the country

World's largest beer maker adds Budweiser Magnum whiskey to its India menu
Updated On : 10 Nov 2022 | 10:48 AM IST

De Beers positive on India; expects business this year similar to 2021

This year, the first six months have been strong and the positive consumer sentiment continues and the company is hopeful the business will be similar to last year, De Beers India MD Sachin Jain said.

De Beers positive on India; expects business this year similar to 2021
Updated On : 02 Jul 2022 | 8:06 PM IST

De Beers implements biggest diamonds price increase of 5% in years

The diamond industry has surprised many by the speed of its recovery after being brought to a complete standstill in the first half of last year

De Beers implements biggest diamonds price increase of 5% in years
Updated On : 20 Jan 2021 | 2:26 AM IST

Cheaper diamonds bring life into the hidden world of gem trading

After refusing to budge on diamond prices during much of the pandemic, De Beers and Alrosa PJSC cut prices by 10%

Cheaper diamonds bring life into the hidden world of gem trading
Updated On : 31 Aug 2020 | 12:26 AM IST

De Beers likely to cut jobs on Covid-19 hit, outlines plans for overhaul

Diamond mining giant De Beers is likely to have to cut jobs, its chief executive said on Thursday, as it outlined plans for an overhaul of its business after the coronavirus hit jewellery demand.

De Beers likely to cut jobs on Covid-19 hit, outlines plans for overhaul
Updated On : 30 Jul 2020 | 10:06 PM IST

DeBeers to rollback return facility next month as scene improves

The over 130-year-old company had relaxed return policies for its sightholders in last couple of months

DeBeers to rollback return facility next month as scene improves
Updated On : 12 Nov 2019 | 12:35 AM IST

De Beers targets young India to boost sales of diamond ornaments, solitaire

De Beers which contributes nearly 35 per cent of the world rough diamond supplies, has projected to cut production of rough diamond supply in 2019 to 31 million carats from 35 last year

De Beers targets young India to boost sales of diamond ornaments, solitaire
Updated On : 09 Aug 2019 | 12:33 AM IST

De Beers cuts production of rough diamonds, bets $170 million on marketing

Market expected to remain under pressure in near future, says CFO

De Beers cuts production of rough diamonds, bets $170 million on marketing
Updated On : 29 Jul 2019 | 12:55 AM IST

De Beers building blockchain to track diamonds from mine to customer

India's all large and small processors, retailers will also be integrated

De Beers building blockchain to track diamonds from mine to customer
Updated On : 03 Aug 2018 | 1:14 AM IST

De Beers makes historic u-turn by selling man-made diamonds

The strategy will create a big price gap between mined and lab diamonds and pressure rivals that specialise in synthesised stones

De Beers makes historic u-turn by selling man-made diamonds
Updated On : 29 May 2018 | 10:48 PM IST

Diamond group De Beers buys out retail partner LVMH

Analysts said the joint venture no longer fitted LVMH's strategy

Diamond group De Beers buys out retail partner LVMH
Updated On : 24 Mar 2017 | 2:12 AM IST

De Beers to start forward contracts on fixed price

De Beers would conduct its first such contract on February 16

De Beers to start forward contracts on fixed price
Updated On : 20 Jan 2017 | 1:24 AM IST

De Beers to expand synthetic diamond testing facility in Surat

De Beers plans to make 200-300 PhosView devices next year in UK to detect synthetic diamonds

De Beers to expand synthetic diamond testing facility in Surat
Updated On : 09 Dec 2016 | 1:30 PM IST

At De Beers: Millennials and diamonds

India is heavily invested in the gold business, but becoming invested in the diamond business, too, says CEO De Beers

At De Beers: Millennials and diamonds
Updated On : 08 Dec 2016 | 11:38 PM IST

De Beers invests $5mn to expand diamond grading unit in Gujarat

De Beers, world's leading rough diamond suppliers hopes to invest more in India as it sees India and China as strong markets

De Beers invests $5mn to expand diamond grading unit in Gujarat
Updated On : 07 Dec 2016 | 12:06 AM IST

To beat slowdown, De Beer begins polished diamonds selling service

B2B service to offer third party sales on membership basis, plans to exploit its brand value

To beat slowdown, De Beer begins polished diamonds selling service
Updated On : 05 Nov 2016 | 3:14 PM IST

De Beers to raise prices since 2014

Slowing demand from China and an industry-wide credit crunch led De Beers to lower prices about 15 per cent last year

De Beers to raise prices since 2014
Updated On : 07 Apr 2016 | 12:30 AM IST

De Beers enters used jewellery segment

Offers Forevermark consumers to sell their ornaments, solitaire to it at a fair price

Image
Updated On : 23 Mar 2016 | 12:13 AM IST