DiamondBuzz
De Beers opens flagship store in Dubai Mall
De Beers has unveiled its new flagship boutique in Dubai Mall, marking a significant expansion into the UAE in partnership with Chalhoub Group. Rooted in over a century of diamond expertise, the store showcases the brand’s iconic collections—including Talisman, Enchanted Lotus, and RVL—alongside one-of-a-kind high jewellery pieces. Inspired by nature and blending Southern African heritage with London design, the boutique offers a luxurious, immersive space that celebrates De Beers’ legacy and craftsmanship.
Drawing on diamond expertise stretching back to 1888, the jewellery house marks life’s gradual evolution with meaningful creations. Just as rough diamonds are transformed into exquisite De Beers jewellery, the house honours the heartfelt moments, big and small, that define who we become.
Situated on the ground floor of the prestigious Dubai Mall in downtown Dubai, the new boutique takes design cues from the De Beers flagship on London’s Old Bond Street. Resplendent in the house’s signature shades of blue, white and orange, the furnishings and decorations have been chosen to represent locations close to De Beers’ heart. The boutique is designed to foster connections between clients and Brand Ambassadors, with a combination of open-plan space to explore the collections and intimate private areas. A bespoke lighting system was developed to showcase the fire, life and brilliance of each De Beers diamond.
Gold and silver surged on Thursday morning, clawing back losses from Wednesday’s sharp drop. The rally was fueled by short-covering (investors closing out bets that prices would fall) and dropping oil prices linked to the newly published US-Iran interim agreement.
Key Market Levels:
- Spot Gold: Up 1.4% to $4,316.42/oz.
- Spot Silver: Jumped 1.8% to $69.18/oz.
- Platinum: Gained 1.2% to $1,757.53/oz.
Local Indian Spot Prices (22K Gold: Rs. 14,060 / gram, 18K Gold: Rs. 11,770 / gram, Pure Silver: Rs. 270 / gram.
The US and Iran published a 14-point interim accord, extending their ceasefire by 60 days. While President Trump issued stern warnings regarding compliance, the temporary stabilization dragged oil down, easing inflation fears and prompting a swift recovery in metals.
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