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.
DiamondBuzz
Botswana has accumulated 12m unsold carats on weak demand
Botswana has stockpiled nearly twice its government-allowed diamond inventory limit of 6.5 million carats, reaching 12 million unsold carats due to weak demand and inability to sell rough diamonds at fair prices.
In its 2026/27 Budget Strategy Paper, the Finance Ministry projects stable short-term production until inventories drop closer to minimum levels, freeing capacity for growth. Production fell 3.2% in the first nine months of 2025 to 13.3 million carats.
The ministry highlighted broader economic risks: a non-diamond sector slowdown reveals heavy government reliance and private sector dependence on public demand. High inventories underscore urgency to diversify beyond diamonds, which drive ~80% of exports and up to 30% of GDP.
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