Anglo American sees another De Beers impairment

Anglo American anticipates impairment for De Beers amid weak diamond demand
Anglo American expects to book an impairment this year for its De Beers diamond business due to weak market conditions. This announcement comes as the company moves forward with plans to either spin off or sell its diamond business,
De Beers CEO Says US Diamond Demand Shows Signs of Recovery
De Beers said there were signs of a pick up in US diamond demand before Christmas, while India has overtaken China to become the second-biggest market.
Anglo American Expects to Take Another Writedown on De Beers
Anglo American Plc expects to take a writedown on its De Beers operations, as plunging diamond sales prompt output cuts and complicate its plan to exit the business.Most Read from BloombergCitadel to
Anglo American sees another De Beers impairment as diamond demand remains weak
Anglo American said all divisions met their full-year production guidance, and it expects its De Beers diamond business to book an impairment.
Anglo American Warns of De Beers Impairment Amid Subdued Diamond Demand
The miner said it would examine De Beers’s value in light of sluggish demand for diamonds as it seeks to exit the business.
Anglo American to mine fewer diamonds as demand wanes ahead of De Beers sale
Mining giant Anglo American has cut forecasts for its rough diamond output over the next two years, as demand for the stones continues to wane.
InvestmentNews4d
Wealthy Americans are buying more diamonds at last
De Beers said there were signs of a pick up in US diamond demand before Christmas, while India has overtaken China to become the second-biggest market. The industry has been hammered by a ...
Voice of America4d
Botswana, De Beers reach diamond sales agreement after years of negotiations
The government of Botswana and South African diamond firm De Beers say they have reached a new, 10-year sales agreement following talks that had dragged on since 2019. Analysts say the diamond ...
Reuters4d
De Beers, Botswana finalise talks on diamonds deal
CAPE TOWN, Feb 3 (Reuters) - De Beers has finalised talks on a rough diamond sales deal with the Botswana government and on extending mining licences for its joint venture there to 2054 ...
Mining5d
De Beers seals sales and mining contract with Botswana
De Beers, the world’s leading diamond producer by value, has concluded negotiations with the Botswana government on a new sales agreement and the extension of mining licenses for their joint ...