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
EditorsNov 07, 2025
Piece of the Week: An MVP’s Sapphire Tennis Necklace At the 2025 World Series, the Los Angeles Dodgers’ Yoshinobu Yamamoto sported a custom necklace made by California retailer Happy Jewelers.
IndependentsNov 07, 2025
Foundrae’s New Palm Beach Location Is a ‘Golden Solarium’The brand’s seventh location combines Foundrae’s symbolic vocabulary with motifs from Florida’s natural surroundings.
FinancialsNov 07, 2025
Watches of Switzerland’s H1 Sales Up 8%The retailer also shared an update on the impact of tariffs on watch customers.
Brought to you by
Jewelers of America Aligns New Mission to Create Meaningful Impact for MembersFrom educational programs, advocacy, and recent MJSA affiliation, Jewelers of America drives progress that elevates businesses of all sizes.
IndependentsNov 06, 2025
Greenwich St. Jewelers Hosts Raffle Supporting Food RescueAll proceeds from the G. St x Jewel Boxing raffle will go to City Harvest, which works to end hunger in New York City.
Weekly QuizNov 06, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
IndependentsNov 06, 2025
Cornell’s Jewelers Names New PresidentCourtney Cornell is part of the third generation to lead the Rochester, New York-based jeweler.
WatchesNov 05, 2025
Shinola President Steps Down Just as He Starts Former Signet CEO Mark Light will remain president of Shinola until a replacement for Ulrich Wohn is found.
AuctionsNov 05, 2025
Taylor Swift’s Engagement Ring Designer Makes Her Auction DebutKindred Lubeck of Artifex has three rings she designed with Anup Jogani in Sotheby’s upcoming Gem Drop sale.
FinancialsNov 05, 2025
Pandora Posts Modest Q3 Sales Growth Amid ‘Weak’ Consumer Sentiment The company focused on marketing in the third quarter and introduced two new charm collections, “Pandora Talisman” and “Pandora Minis.”
FinancialsNov 05, 2025
Brilliant Earth’s Q3 Sales Climb 10%The jewelry retailer raised its full-year guidance, with CFO Jeff Kuo describing the company as “very well positioned” for the holidays.
Policies & IssuesNov 04, 2025
Supreme Court to Hear Tariffs Case WednesdayAhead of the hearing, two industry organizations co-signed an amicus brief urging the court to declare Trump’s tariffs unlawful.
MajorsNov 04, 2025
Danny Clark to Become Stuller CEO, Succeeding Matt StullerStuller COO Belit Myers will take on the additional role of president, with all changes effective at the start of 2026.
ColumnistsNov 04, 2025
Peter Smith: What Do Birds Have to Do With the Price of Gold? Smith cautions retailers against expending too much energy on things they can’t control, like the rising price of gold.
TrendsNov 04, 2025
Amanda’s Style File: Fall Colors for November BirthdaysCitrine and topaz are birthstones fit for fall as the leaves change color and the holiday season approaches.
IndependentsNov 04, 2025
Weston Jewelers Heads to Fort LauderdaleThe family-owned jeweler will open its fourth store in Florida in late 2027.
CrimeNov 03, 2025
Men Dressed as Construction Workers Burglarize Jeweler’s Home The NYPD is looking for three men who stole a safe and jewelry valued at $3.2 million from the home of a jeweler in Jamaica Hills, Queens.
MajorsNov 03, 2025
Matthew Rosenheim Takes Over as JA Board ChairThe trade organization also announced its executive committee and five new directors.
CollectionsNov 03, 2025
Muse’s ‘Have a Heart’ Collab Returns, Now With DDGThe “Have a Heart x Diamonds Do Good” collection is championed by model and humanitarian Flaviana Matata and will benefit her foundation.
AuctionsNov 03, 2025
Kashmir Sapphire Ring Tops Christie's Online AuctionThe ring, set with a nearly 17-carat Kashmir cabochon sapphire, sold for $1 million.
TrendsOct 31, 2025
Piece of the Week: A Spinner Fit for ‘Frankenstein’This “Mother Father” spinner necklace from Heavenly Vices Fine Jewelry draws inspiration from Victorian Era jewelry.
CrimeOct 31, 2025
5 More Arrested in Louvre Heist, Jewelry Still Missing The suspects were rounded up in Paris and its suburbs on Wednesday night, but none of the stolen jewels were recovered with them.
Recorded WebinarsOct 31, 2025
Watch: How to Master Google Reviews for Your BusinessExperts share top tips on how to encourage positive reviews and handle negative feedback.
Supplier BulletinOct 30, 2025
Protect Your Customers and Your BusinessSponsored by the Gemological Institute of America
CrimeOct 30, 2025
29-Year-Old Man Charged in Multiple Seattle-Area Smash and Grabs The suspect faces charges in the August robbery of Menashe & Sons Jewelers and is accused of committing smash and grabs at two pawn shops.
Lab-GrownOct 30, 2025
Alison Lou’s New Collection Uses Lab-Grown Diamonds and ResinThe “Lumière Fine” collection was born from designer Alison Chemla’s interest in the transformative power of light.
TrendsOct 30, 2025
Amanda’s Style File: A Haunted HalloweenShow off your spooky side with these 12 festive jewels.
