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
FinancialsMar 19, 2026
Signet Jewelers to Close 100 Stores, Shutter James Allen BannerThe jewelry retailer announced changes to its store network and brand portfolio during its fourth-quarter earnings call.
SurveysMar 19, 2026
NRF Forecasts 4% Retail Sales Growth in 2026From a weaker labor market to inflation, NRF Chief Economist Mark Mathews gave insight on what retailers can expect this year.
AuctionsMar 19, 2026
26-Carat Diamond Tops $1M at AuctionThe historic stone, which sold at Elmwood’s in London, is the largest white diamond to be offered on the U.K. market in more than a decade.
Brought to you by
Protect Your Customers and Your BusinessYou deserve to know what you are selling–to protect your customers as well as your business and your reputation.
Events & AwardsMar 19, 2026
JCK Rocks To Ride With NellyThree-time Grammy award-winning artist Nelly is set to perform at the annual event at Tao Beach in Las Vegas on May 31.
Weekly QuizMar 12, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
AuctionsMar 18, 2026
Collection of the ‘Severely Beautiful’ Lady Wardington Fetches $161KThe model and fashion editor’s gold evening bags were the top lots at the London sale, going for more than $25,000 each.
PodcastsMar 18, 2026
Episode 3: An Interview With Jewelry Designer Johnny NelsonFresh off winning the David Yurman Gem Awards Grant, Nelson discusses the ring that launched his career and his plans for the future.
Brought to you by
Is This You? Every Jeweler Has This Problem; We Have the Solution.Every jeweler faces the same challenge: helping customers protect what they love. Here’s the solution designed for today’s jewelry business.
MajorsMar 18, 2026
Stuller Releases New Edition of Jewelry Education Book“The Basics of Jewelry” has been updated to include modern topics and visuals.
Events & AwardsMar 17, 2026
The Best Moments From the 2026 Gem Awards Held just before the Oscars, the jewelry industry’s big awards show had its share of standout jewelry, gowns, and acceptance speeches.
TrendsMar 17, 2026
Natalie Portman Is Tiffany & Co.’s New AmbassadorThe Academy Award-winning actress stars in Tiffany & Co.’s latest commercial, which debuted Sunday night during the Oscars.
MajorsMar 17, 2026
Kering Establishes Jewelry Division, Appoints CEOThe organizational change follows Kering’s promise of a transformation after declining sales in 2025.
EditorsMar 16, 2026
2026 Oscars Jewelry: One Necklace After AnotherNatalie Francisco rounds up the top Oscars jewels, including Rose Byrne’s Taffin necklace with a more than 20-carat yellow-brown diamond.
WatchesMar 16, 2026
TAG Heuer Has a New CEOBéatrice Goasglas has been with TAG Heuer since 2018. She is the first woman to head the 166-year-old, LVMH-owned watch brand.
IndependentsMar 16, 2026
Ben Bridge Debuts New Honolulu BoutiqueThe store features the first in-store build for the jeweler’s in-house “Bella Ponte” bridal brand.
AuctionsMar 16, 2026
Bonhams Paris To Offer Antique, Signed Jewels The live fine jewelry auction will take place later this week, showcasing antique pieces, rare gemstones, and signed jewels.
CollectionsMar 13, 2026
A Trio of Jewels from the 3 Gem Award Nominees for Jewelry DesignOur Pieces of the Week honor the 2026 nominees for the Gem Award for Jewelry Design, Silvia Furmanovich, Cece Fein-Hughes, and Catherine Sarr.
WatchesMar 13, 2026
Citizen, Vera Wang to Launch Watch CollectionThe 24-piece watch collection is set to debut in spring 2027.
SourcingMar 13, 2026
Andrea Pooler Joins Third-Generation Diamond Company as COO Pooler, who has more than 25 years’ experience in jewelry, is now chief operating officer of Modani Jewels, Soham Diamonds, and SNJ Creations.
MajorsMar 13, 2026
24 Karat Club of New York’s Banquet to Return to Waldorf AstoriaThe reopening of the Waldorf Astoria means a homecoming for the industry group’s annual event, which will take place Saturday.
CollectionsMar 12, 2026
Jessica McCormack Sends Gold, Gemstones Into ‘Orbit’McCormack looked to the 19th century’s “golden age” of astronomy when designing her new celestial-themed collection.
Events & AwardsMar 12, 2026
Johnny Nelson Wins David Yurman Gem Awards GrantNelson will be honored as the inaugural grant winner at the Gem Awards gala on Friday.
TechnologyMar 12, 2026
Caratwise Launches, Names Former Signet Exec CEO The new smart design software allows jewelers to configure, price, and confirm a custom engagement ring in real time for in-store customers.
SourcingMar 12, 2026
Grandview Klein Opens New Factory in South Africa The 10,000-square-foot diamond manufacturing facility officially opened in late February and employs 50 people.
Events & AwardsMar 12, 2026
MJSA ‘Future of Jewelry Making’ Scholarship Applications OpenThe MJSA Education Foundation’s scholarships support students pursuing jewelry careers.
AuctionsMar 11, 2026
‘Spectacular’ 26-Carat Diamond Going Up for Auction in London The largest white diamond to come to market in the U.K. in more than a decade, the VVS1, I-color stone is expected to top $1 million.
TechnologyMar 11, 2026
Cast Jewelry’s Rachel Skelly on Coming Back Online Only Skelly shares her plans for reimagining the fine jewelry retailer she re-acquired after it faltered last year.
