JB Insights
Anglo American writes down De Beers’ value by US $1.6 bn
As part of its annual financial results, Anglo American wrote down De Beers’ book value by $1.6 billion, principally relating to goodwill (brand value).
The diamond giant is now valued at $7.6 billion. Its write-down was driven “by lower prices than previous forecasts reflecting a reduction in forecast consumer demand,” Anglo American said in its year-end financial report. “This reflects macroeconomic uncertainty mainly in the U.S. and China.”
Other factors cited by Anglo: “the timing of differentiation between lab-grown and natural diamonds, the impact of recycling, the latest…estimates and life of asset plans for the mines and, less significantly, the financial impact of revised contractual terms [between De Beers and] the government of the Republic of Botswana (which are expected to be finalized during 2024).”
In a separate financial statement, De Beers said the industry began to stabilize over the fourth quarter. “Retail demand improved over the end-of-year holiday season, especially in the United States, helping to ease midstream inventory pressure,” it said. “However, with ongoing macroeconomic uncertainty, it is anticipated that recovery in rough diamond demand will be gradual.”
De Beers’ statement added: “The ongoing focus on diamond provenance—especially given the expected introduction of Russian diamond import restrictions by G7 nations—has the potential to reinforce demand for De Beers’ rough diamonds, supported by the blockchain Tracr platform. The global supply of rough diamonds is anticipated to continue to decline owing to the maturity of major mines and limited new discoveries.”
Johnson says the write-down “has no tangible impact and is simply an accounting assessment of the current value of the business compared with the value it was assigned at the time Anglo American purchased its majority shareholding [in 2012]. The new carrying value reflects the very challenging macroeconomic environment but has no bearing on our confidence in the positive long-term outlook for natural diamonds.”
JB Insights
Women Leaders Driving the Luxury Renaissance
How Female Leaders Are Redefining the Future of Luxury Watches & Jewellery. A powerful new era emerges as top global maisons embrace female leadership, reshaping strategy, creativity, and the future of billion-dollar luxury empires.
For decades, the world of fine jewellery and luxury watchmaking has dazzled with feminine allure—yet the boardrooms steering these global luxury giants remained largely dominated by men. While women have always been the heart of the industry as consumers, muses, and creative inspirations. Today, that narrative is being rewritten.
Across the globe, luxury watch and jewellery houses are witnessing a historic shift: women are increasingly taking centre stage as CEOs, artistic directors, and decision-makers, steering strategy and shaping the future of some of the world’s most iconic brands. This rise of female leadership is not just a symbolic change—it’s redefining the creative and commercial landscape of the luxury sector.
A Spotlight on Powerful Women Shaping the Industry
Here are some of the remarkable women redefining the luxury frontier:
Caroline Scheufele, Co-President & Artistic Director, Chopard
The creative force behind some of Chopard’s most iconic collections, Caroline Scheufele blends heritage with modernity, championing craftsmanship and sustainability.
Ilaria Resta, CEO, Audemars Piguet
With her dynamic leadership and consumer-centric vision, Ilaria Resta is guiding the watchmaking powerhouse into a new era of relevance and cultural presence.
Catherine Rénier, CEO, Van Cleef & Arpels
Known for her strategic elegance, Catherine Rénier is strengthening the maison’s identity through poetic storytelling and exceptional artistry.
Laura Burdese, Deputy CEO, Bvlgari
Laura Burdese plays a pivotal role in steering Bvlgari’s global expansion, bringing a strategic, bold approach to one of the most recognisable luxury brands.
Sabina Belli, CEO, Pomellato
A champion of women empowerment, Sabina Belli is credited with elevating Pomellato’s identity as a modern, fashion-forward jewellery brand with deep Milanese roots.
Hélène Poulit-Duquesne, CEO, Boucheron
Her leadership has pushed Boucheron into an exciting contemporary phase, blending innovation with emotional storytelling and bold design.
A Shift That Goes Beyond Leadership
This rise of women in top leadership roles is influencing every facet of the luxury jewellery ecosystem:
- Design philosophies are evolving with deeper emotional narratives, inclusivity, and modern cultural relevance.
- Brand strategies increasingly reflect values like sustainability, authenticity, and empowerment.
- Consumer engagement is becoming more experiential, storytelling-driven, and globally attuned.
These executives are not simply filling leadership positions—they are reshaping the definition of luxury itself.
The New Blueprint for the Future
The ascent of female leaders marks a pivotal moment for an industry long shaped by tradition. Their vision is ushering in a new era where creativity meets strategic innovation, and where luxury houses embrace contemporary values without compromising on heritage.
The future of luxury watches and jewellery is being rewritten—and women are holding the pen.
As global maisons continue to embrace this transformation, one thing is certain: the industry is entering its most exciting chapter yet, driven by the creativity, clarity, and leadership of exceptional women at the helm.
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Women Leaders Driving the Luxury Renaissance
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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.