The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
De Beers Puts Namibian Mine Up For Sale
It is looking for a buyer for Elizabeth Bay, located along the southwest coast near the town of Lüdertiz.
Windhoek, Namibia--Namdeb Holdings, the partnership between De Beers and the government of Namibia, announced that it is looking to sell one of its mines.
The Elizabeth Bay mine was commissioned in 1991, employs about 160 people and produced about 200,000 carats of diamonds in 2017.
In 2009 following the economic downturn, the mine was placed on care and maintenance but reopened in 2011.
A recent review concluded that the best way to secure a longer term future for the mine, beyond its current projected life of 2019, is to find a low-cost operator, Namdeb said.
Back in October, The Namibian Sun newspaper reported that De Beers would close four land mining sites in Namibia by 2022. According to the report, Elizabeth Bay is scheduled to be the first to close, shuttering at the end of this year.
A De Beers spokesperson neither confirmed nor denied the closures but did say in a statement released in reaction to the Sun report that Elizabeth Bay, along with the Daberas mine, are “well beyond their original planned life of mine.”(When Elizabeth Bay reopened in 2011, its life of mine originally was projected to 2014, though Namdeb said “continuous innovation” has extended it to the new date of 2019.)
The mine is located along the southwestern coast of Namibia near the town of Lüdertiz, and Namdeb said it has provided high-quality jobs to the people in that town.
“Elizabeth Bay mine continues to play an important role in the development of Namibia’s diamond industry, so we have not taken this decision lightly,” said Namdeb CEO Riaan Burger. “We are constantly reviewing new mine opportunities. As this mine nears the end of its current life, we are focused on finding a buyer that can sustain operations beyond 2019, protect jobs and contribute sustainably to the Namibian economy.”
The Latest
The two organizations will host a joint event, “Converge,” in September 2025.
Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.
The Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.
The three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.
The luxury titan posted declining sales, weighed down by Gucci’s poor performance.
The selected nine organizations have outlined their plans for the funds.
The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
Emmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
A 203-carat diamond from the alluvial mine in Angola achieved the highest price.
Ruser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.
The “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.
The overhaul includes a new logo and enhanced digital marketplace.
The money will go toward supporting ongoing research and aftercare programs for childhood cancer survivors.
A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.
From now through mid-May, GIA will be offering the reports at a 50 percent discount.
De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.