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.
Editors' Picks
Sponsored by
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
CollectionsAug 28, 2026
Dolly Parton Would Have Loved This Butterfly Necklace This Buddha Mama butterfly is our Piece of the Week honoring the legend, who embraced the beautiful insect as her symbol.
IndependentsAug 28, 2026
Day’s Jewelers Honored With 3 Workplace AwardsThe employee-owned jeweler was named a “Best Place to Work” in Maine, New Hampshire, and for women.
CollectionsAug 27, 2026
Pandora Expands ‘Talisman’ Collection as Lawsuit Continues The second iteration of the jewelry collection was inspired by the zodiac and the four elements: earth, water, air and fire.
Brought to you by
Your Piece Could Be the One Editors Talk AboutSubmit your pieces for a chance to win in this year's competition.
CrimeAug 27, 2026
Customs Seizes Nearly 900 Pieces of Counterfeit JewelryThe package, intercepted in Indianapolis, contained fake Cartier, Tiffany & Co., and Van Cleef and Arpels jewelry.
Weekly QuizAug 27, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
IndependentsAug 27, 2026
Jessica McCormack to Open First West Coast StoreThe new location in Costa Mesa, California, marks the brand’s second store in the United States and fourth standalone location worldwide.
FinancialsAug 27, 2026
Movado’s Q2 Sales Up As Younger Consumers Take Interest in WatchesThe fashion watch category was once threatened by the Apple Watch, but consumers are now opting for new wearables, said Movado’s CEO.
Brought to you by
Why More Jewelry Retailers Are Hosting Turnkey Estate Buying EventsRetailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.
SurveysAug 26, 2026
5 Jewelry Insights From The RealReal’s Resale ReportThe report delves into trending styles, the most popular jewelry brands by city, and why Belle Époque jewelry could be the next big thing.
Lab-GrownAug 26, 2026
AGTA Now Requiring Members to Call Lab-Grown Gems ‘Synthetic’The association added the requirement to its revised "Code of Ethics" and released the 17th edition of its “Gemstone Information Manual.”
SurveysAug 26, 2026
Consumer Confidence Dips in August Amid Anticipatory Anxieties Respondents were concerned about the future of the labor market and their income as well as the rising prices of gas and groceries.
TrendsAug 26, 2026
Boucheron’s New Campaign Celebrates Its ‘Question Mark’ NecklacesThe campaign highlights the asymmetrical high jewelry necklace style that the jeweler first created in 1879.
Events & AwardsAug 26, 2026
Harry Winston Exhibition to Open in ShanghaiIt will explore the life of “The King of Diamonds” and showcase more than 165 creations from the brand.
CrimeAug 25, 2026
Florida Woman Scammed Out of $1.5M in Jewelry, Precious MetalsTwo suspects have been arrested in connection with the complex phone scam.
ColumnistsAug 25, 2026
Proof Before Purchase: The Gen Z Way to BuyIn her first column for National Jeweler, Jennifer Shaheen asks jewelers if they know how to connect with the next generation of consumers.
Events & AwardsAug 25, 2026
SSEF Opens 2026 Applications for Gemology Education ScholarshipsThe annual awards cover tuition for an on-site educational course at the Swiss lab, as well as flights and lodging.
TrendsAug 25, 2026
Brent Neale Celebrates Blackberry Farm’s Anniversary With JewelryThe jeweler partnered with the Tennessee resort to honor its 50th anniversary with limited-edition blackberry pendants and earrings.
EditorsAug 24, 2026
Q&A: Reeds Jewelers VP Genna Zimmer on 80 Years in BusinessThe third-generation jeweler shared how the North Carolina retailer is celebrating this milestone and the love story that started it all.
Events & AwardsAug 24, 2026
Rio Grande, MetalWerx Host Argentium Silver WorkshopThe class, led by renowned metalsmith Cynthia Eid, highlighted Argentium silver as an alternative to gold amid high prices.
Events & AwardsAug 24, 2026
JIS Miami Opens Fall 2026 RegistrationThe show is slated for Oct. 16-19 at the Miami Beach Convention Center.
CollectionsAug 24, 2026
Francesca Villa Honors Napoleon, His Empresses In New CapsuleThe “Empresses” capsule uses 19th-century medals depicting Napoleon, Joséphine, and Marie-Louise across five one-of-a-kind pieces.
SurveysAug 21, 2026
These Are 2026’s Hottest Retailers, Says NRFThe retailers at the top of the list offer affordable products and fun, discovery-fueled experiences.
WatchesAug 21, 2026
Bremont Names Former Vacheron Constantin Exec CMODaniel Bing was formerly the marketing director for the Americas at Vacheron Constantin.
CollectionsAug 21, 2026
Bijules, Kamyen Serve Up ‘Topspin’ Tennis Bracelet Ahead of US OpenIn our Piece of the Week, the designers reimagine the tennis bracelet with green enamel wrapped around a strand of “Desert Diamonds.”
PodcastsAug 20, 2026
Episode 8: Diamond Industry Update With David Bonaparte & Ronnie VanderLindenThe industry veterans join the podcast to discuss diamond marketing, the FTC Jewelry Guides, and lobbying for lower tariffs.
TechnologyAug 20, 2026
A New AI-Powered Gemstone Identification App Is HereFounder Vik Westermann said the app is a “starting point” to inspire people to work with appraisers and gem labs, not replace them.
AuctionsAug 20, 2026
Storied Unicorn Brooch Up for Auction Gallops to New Home The Verdura brooch, which belonged to the late Virginia Fortune Ryan Ogilvy, was sold to a private collector in Asia.
