International News
De Beers Group Reports H1 2026 Production Surge
The company reported a significant increase in production volume while maintaining its full-year production target of 21 to 26 million carats.
De Beers Group today released its operational and sales performance update for the second quarter and first half of 2026. Driven by strong recovery efforts and strategic access to higher-grade ore bodies, the company reported a significant increase in production volume while maintaining its full-year production target of 21 to 26 million carats.
Despite market pressures stemming from broader macroeconomic volatility, the company continues to advance operational streamlining and cost-optimization initiatives to ensure long-term resilience.
Key Highlights & Operational Summary
- Q2 Production Surge: Production jumped 88% year-on-year to 7.8 million carats in the second quarter, bringing total H1 output to 14.9 million carats (+46% YoY).
- Volume Growth: Consolidated H1 sales volume expanded 13% to 12.4 million carats (total sales volume up 20% to 14.8 million carats).
- Full-Year Guidance Reaffirmed: Full-year output remains targeted at 21–26 million carats, with second-half production planned to balance out via scheduled maintenance and a temporary operational pause at the Venetia mine.
- Resilient High-Value Demand: While entry-level categories faced broader pricing shifts, pricing for higher-value natural diamonds remained firm, providing baseline support to the overall index.
Market Dynamics & Strategic Response
Trading conditions during the first six months of 2026 reflected ongoing global macroeconomic uncertainties and regional conflicts that weighed on general consumer sentiment. Additionally, lower-value natural categories experienced continued pressure from lab-grown alternatives.
In response, De Beers actively adjusted its sales strategies, utilizing its inventory mix to meet existing market demand. While lower-value inventory sales shifted the average realized price to $105 per carat for H1, the company noted that underlying value indices for premium, higher-grade natural goods remained stable throughout the period.
Outlook & Portfolio Optimization
Looking ahead to the second half of 2026, De Beers will align production output directly with global demand signals. The anticipated surge from H1 will be offset by:
- The previously announced two-year operational pause at the Venetia mine.
- Planned facility maintenance at the Orapa and Jwaneng operations in Botswana.
Anglo American continues to execute its operational transformation and strategic divestment plans for De Beers, ensuring capital discipline and long-term organizational value.
International News
VICENZAORO Rewards Excellence:The VO Awards Will Be Back For The Second Edition
Entries Open Until 30 November For ICON, LOOK and CREATION Exhibitors. The Awards Ceremony Will Take Place At VOJ27.The Finalist Creations, Selected By A Jury Of Experts, Will Be On Display At VOJ27; The Media, Exhibitors and Buyers Will Also Cast Votes For The Winners.
– Vicenzaoro’s official VO Awards will be back for their second edition to celebrate the craftsmanship, manufacturing expertise, drive for innovation and commitment to sustainability of exhibitors at Italian Exhibition Group’s international event, a leading reference for the gold, jewellery and watchmaking sector for over 70 years.
Entries are already open. Bands from the ICON, LOOK and CREATION communities can place their entries up until 30th November by completing the relevant product form and submitting the required materials. The winners will be announced during the awards ceremony on the evening of Sunday 17th January at Vicenzaoro January (15–19 January 2027).
The VO Awards were established with the aim of giving Vicenzaoro exhibitors an exclusive platform at the January edition, the first event on the industry’s global calendar, on which to display their creations: jewellery that embodies excellence and points the way forward for the industry and the market, a factor that sets the offer and spirit of this international benchmark jewellery show apart.
Matteo Farsura said:
“As part of the Vicenzaoro ecosystem the VO Awards enhance manufacturing excellence, the care taken in selecting materials, the capacity for innovation and a sustainable approach. An original initiative designed to strengthen our community and consolidate the trade show’s role as a hub where tradition, innovation, craftsmanship, talent, art and industry converge, creating value through relationships across the entire supply chain.”
THE VO AWARDS CATEGORIES
Ten competition categories represent the various aspects of gold, jewellery and silver manufacturing, in keeping with the Vicenzaoro – The Jewellery Boutique Show format, which divides the exhibition offer into thematic communities based on brand identity, positioning and communication style.
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