SourcingMar 09, 2021
De Beers Group on How It Will Achieve Gender Parity by 2030SourcingJul 29, 2021
De Beers Owner Pumping $100M Into Sustainability Projects
Anglo American is donating the money to its Anglo American Foundation, which supports projects in countries where it mines.
Anglo American is donating $100 million to its foundation, which supports programs focused on education, health, and the environment in the countries where it operates. For De Beers, some of that money could go toward its “Building Forever” goals, which include achieving gender parity by 2030.
London—Anglo American, the mining conglomerate that owns De Beers, announced Thursday that it is giving $100 million to its foundation to support environmental, health and education programs worldwide.
The Anglo American Foundation supports projects in all the countries where Anglo mines, explores or has joint ventures involving gems and minerals.
The massive donation will help to accelerate the company’s progress toward reaching the United Nations’ Sustainable Development Goals, with a particular emphasis on programs that empower women, young people, and vulnerable groups in the countries where Anglo has business.
Projects that could get a boost from the $100 million donation include those focused on the environment, community health, education and skills, livelihoods, and institutional capacity development.
For De Beers specifically, the money would be put toward the company’s “Building Forever” goals, which focus on protecting the environment, leading ethical practices across the jewelry industry, and increasing diversity among its ranks.
Related stories will be right here …
The Anglo American Foundation supports projects in all the countries where Anglo mines, explores or has joint ventures involving gems and minerals.
The massive donation will help to accelerate the company’s progress toward reaching the United Nations’ Sustainable Development Goals, with a particular emphasis on programs that empower women, young people, and vulnerable groups in the countries where Anglo has business.
Projects that could get a boost from the $100 million donation include those focused on the environment, community health, education and skills, livelihoods, and institutional capacity development.
For De Beers specifically, the money would be put toward the company’s “Building Forever” goals, which focus on protecting the environment, leading ethical practices across the jewelry industry, and increasing diversity among its ranks.
Anglo American made the announcement as it reported its half-year financial results Thursday.
The results showed what has been said time and again since the start of the pandemic—consumers are buying diamond jewelry, which means De Beers is mining and selling more rough.
In the first half of the year, production was up 37 percent to 15.4 million carats from 11.3 million carats in the same period in 2020. Compared to 2019, production is essentially flat.
Total first-half revenue approached $3 billion, well ahead of $1.2 billion in the first half of 2020.
Profitability also returned for De Beers.
Anglo reported underlying EBITDA of $610 million for De Beers in the first half of the year, compared with just $2 million in the same period last year.
Overall, the long-term outlook for diamond jewelry demand remains “positive,” Anglo said, while supply is expected to remain flat or shrink.
“The longer-term transformation of the diamond value chain continues, including a sustained focus on stock level optimization and distribution of polished diamonds and diamond jewelry, increased online purchasing, and greater focus on the provenance and sustainability credentials of companies and their products,” the company said.
Among De Beers’ growth projects is construction of a new mining vessel for Marine Namibia.
Construction began in 2019 and is on schedule, Anglo American said, with the vessel expected to be in Cape Town, South Africa by the third quarter 2021 for the fitting of the mining and plant equipment.
Mine life extension projects include the transition from open-pit to underground mining at Venetia in South Africa, which is expected to add an extra 95 million carats and extend the mine’s life to 2045.
Underground mining at Venetia is expected to commence in 2023.
There is also the Cut-9 extension at Jwaneng in Botswana, which will extend the life of the mine to 2036 and produce an extra 51 million carats of diamonds.
First production from the extended cut is expected in 2027.
More on Sourcing
The Latest
WatchesApr 16, 2026
Cartier Brings Back the RoadsterThe “watchmaker of shapes” debuted the reworked version of the vintage sports car-inspired timepiece at Watches & Wonders.
IndependentsApr 16, 2026
Edge Retail Academy Updates Leadership TeamAs demand for jewelry retail coaching grows, the company has established a dedicated business coaching leadership team.
MajorsApr 16, 2026
Stuller’s Latest Mountings Catalog Is Out NowThe “Mountings 2026-2027” catalog showcases Stuller’s largest and most diverse assortment to date with more than 400 new mounting styles.
Brought to you by
Discover Timeless Treasures: A Showcase of Antique Jewelry & Timepieces in Las VegasGain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.
CrimeApr 16, 2026
FBI Issues Warning to Refineries, Retailers Due to High Price of GoldThe alert states that burglary crews are targeting jewelry businesses and details how jewelers and refineries can protect themselves.
Weekly QuizApr 16, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
PodcastsApr 15, 2026
Episode 4: The Natural Diamond DilemmaSally Morrison and Mark Klein discuss De Beers’ first beacon in 16 years and the mistake the industry made with lab-grown diamonds.
MajorsApr 15, 2026
Spark Creations’ Randy McKenzie Dies at 72 McKenzie spent 45 years with Spark Creations and is remembered for being kind, dedicated, and hardworking.
Brought to you by
Las Vegas Antique Jewelry & Watch Show: Showcasing the Most Collectible Merchandise from Across the GlobeGain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.
WatchesApr 15, 2026
These Are the New Rolex Watches for 2026Rolex focused exclusively on the Oyster Perpetual this year, as the model is celebrating its 100th anniversary.
FinancialsApr 15, 2026
Kering’s Jewelry Shines in Q1, Gucci’s Struggle ContinuesThe luxury giant discussed the Middle East conflict and its transformation plans, hinting at a stronger jewelry presence in North America.
TechnologyApr 15, 2026
This Jewelry Brand’s Video Series Is Up for a Webby Award“Diamond Divas,” a social media reality series by Shahla Karimi Jewelry, is nominated in the “Best Social: Fashion & Beauty” category.
FinancialsApr 14, 2026
LVMH’s Q1 Sales Sink 6% Amid Middle East ConflictPlus, how Saks Global’s bankruptcy affected the luxury giant’s first quarter.
SourcingApr 14, 2026
International Jade Summit to Return to MontereyPresented by Mason-Kay Jade, the summit, in its second year, will again be held during the Monterey Bay Jade Festival.
Events & AwardsApr 14, 2026
CBG Releases Details for Las Vegas ShowThe group has announced its lineup of speakers and a new “Rising Stars” pavilion.
CollectionsApr 13, 2026
Uniform Object’s New Jewelry Collection Centers on the ‘Carbon Form’The “Carbon Form” collection explores the contrast between high and low materials, using rubber cord alongside 18-karat gold and gemstones.
Events & AwardsApr 13, 2026
JA Accepting 2026 Impact Initiative ApplicationsThe program provides essential funding to organizations for projects that enhance the jewelry industry.
Events & AwardsApr 13, 2026
Couture Announces New Show in MiamiThe jewelry trade show is launching its first open-to-the-public event in Coconut Grove this November.
CrimeApr 13, 2026
JSA Offers Reward in Oregon Jewelry Store Armed RobberyJSA is seeking information about the gunpoint robbery of a Kay Jewelers location in Oregon’s Washington Square Mall.
WatchesApr 10, 2026
These Watches Have Increased in Value the Most Since 2018, Says Chrono24The top-performing watch models may be surprising, with Rolex and several popular pandemic-era picks notably absent from the top 20.
CollectionsApr 10, 2026
Ophelia Eve’s Toggle Pendant Holds Your SecretsThe “Scroll” toggle pendant, our Piece of the Week, opens to reveal a hidden message, mantra, or love letter written on washi paper.
ColumnistsApr 09, 2026
Jewelry Demand Isn’t Stronger, Prices Are Just Higher Jewelers who misinterpret the state of the jewelry market risk employing the wrong retail strategy, cautions columnist Sherry Smith.
MajorsApr 09, 2026
Tiffany & Co. Promotes Nathalie Verdeille to SVP, Chief Artistic OfficerIn her newly expanded role, she will continue to oversee the jewelry category, as well as watches, home, and accessories.
WatchesApr 09, 2026
Jacob & Co. Rolls Out Its Sequel to ‘The Godfather’ Musical Watch“The Godfather II” watch plays two melodies from the mob film’s score, “The Godfather’s Waltz” and “The Godfather Love Theme.”
Events & AwardsApr 09, 2026
JCK Announces Jesse Itzler as 2026 Keynote SpeakerOrganizers have also introduced the new JCK Talks Signature Series, as well as an offering of watch-focused workshops and lectures.
SourcingApr 09, 2026
AGA To Honor ‘Quiet Leadership’ With New AwardThe Alan Hodgkinson Medal recognizes gemologists who are consistently generous with their time and expertise.
WatchesApr 09, 2026
Oris Names New CEO, CFOThe Swiss watchmaker is changing up its executive leadership team as part of a restructuring.
CollectionsApr 08, 2026
Hearts On Fire Celebrates 30 Years By Asking a QuestionThe “What’s Your Signature?” campaign invites women to think about how they see themselves.
