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THE NUMBERS BEHIND THE NUMBERS

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Nimesh Patel

Earlier this year, I wrote a blog that provided background on some of the numbers that played a part in our performance during 2016.

It turns out, I gather, that it was quite popular.

So here I am, after publishing our half-year financial results for 2017 at the end of last month, ready to impart more of those lesser-known figures that are just as relevant to our business as those we report to the City.

If you would like to understand more about our overall financial performance for the first six months of the year, you can dig into the detail of that here.

Now, without further ado…

 

0.05

The referral rate percentage of diamonds tested by SYNTHdetect, the International Institute of Diamond Grading & Research’s latest innovation in the screening of synthetics and simulants.

The instrument, the first of its kind on the market, has the ability to test multiple stones in set jewellery and is one in a series of pioneering developments unveiled by the IIDGR this year.

Learn more.

 

5

The number of years from now that we believe we could see some of our mining operations becoming carbon-neutral.

The pioneering Project Minera, as it’s known, aims to take the carbon emissions generated at our mines and store them, permanently, in kimberlite tailings.

Learn more.

 

14

The number of students that visited our Sightholder Sales South Africa offices to learn about job opportunities in the diamond industry.

The students, from Elizabeth Conradie School, were given a tour of our high security diamond sorting centre and advised on employment opportunities available to people with disabilities.

Learn more.

 

50

The number of exceptional diamonds up for sale at our Auction Sales business’ first auction for third-party diamonds of this type in June.

All sellers had to adhere to a strict set of criteria for the auction, which saw a 20.64 carat cushion-cut and 7.21 carat flawless pear-shaped diamond available.

Learn more.

 

100

The percentage of De Beers Diamond Jewellers (DBDJ) that we now own after buying Louis Vuitton Moet Hennessy’s 50 per cent share in the business.

With 29 stores across 16 consumer markets around the world, bringing DBDJ fully into the De Beers Group fold means we can provide an even more differentiated downstream offering alongside that of Forevermark.

Learn more.

 

12,000

The weight, in tonnes, of the mv SS Nujoma – the world’s most advanced diamond sampling and exploration vessel – which we celebrated the inauguration of in June.

With diamond mining remaining the single biggest contributor to Namibia’s economy, the SS Nujoma now takes on a pivotal role in the search for more of the country’s diamonds.

Learn more.

 

2,000,000

The milestone number of diamonds inscribed by Forevermark, surpassed earlier this year. The two millionth, a 3.48 carat round brilliant, was mined, cut and polished in Namibia and inscribed at the business’ Diamond Institute in Surat, India.

The diamond will now form part of Forevermark’s exclusive red carpet collection, designed in Milan, Italy, by one of our Shining Light Awards jewellery design competition finalists.

Learn more.

 

41,000,000,000

The value, in US dollars, of diamond jewellery sales from US consumers last year, as featured in our latest insight data published in June.

The more than four per cent jump in diamond jewellery sales, compared with 2015, marked the first time sales in the US exceeded US$40 billion.

Learn more.

 

 

In six months that saw us deliver a solid financial and operational performance, the impact of these initiatives – just a few examples of many – on the broader development of our business cannot be understated.

See you in six months’ time.

 

Nimesh Patel
Chief Financial Office, De Beers Group

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