Anglo American expects to book an impairment this year for its De Beers diamond business due to weak market conditions. This ...

The miner said it would examine De Beers’s value in light of sluggish demand for diamonds as it seeks to exit the business.

Collapsing diamond prices are doing more than frustrate plans to sell industry leader De Beers, they are becoming the latest ...

A major challenge facing natural diamonds is the rapid growth of lab-grown alternative, which offer consumers a lower-cost ...

Anglo American Plc expects to take a writedown on its De Beers operations, as plunging diamond sales prompt output cuts and ...

Mining giant Anglo American has cut forecasts for its rough diamond output over the next two years, as demand for the stones ...

Anglo is due to report its year-end financials on February 20. De Beers is reported to be carrying a rough diamond stockpile worth as much as $2bn. Commenting on the stockpile, Anglo said it was ...

The London-listed miner said on Thursday that it will review De Beers’ value as it looks to exit the business, citing persistently weak diamond demand. Last year, Anglo reduced De Beers’ book value by ...

De Beers slashes production by 31%, faces challenges in diamond marketDe Beers reduces diamond production by 31% due to weak ...

Amid ongoing challenging rough diamond trading conditions, De Beers has revised its production guidance for 2025 to between 20-million and 23-million carats, compared with previous guidance of between ...

Boss Duncan Wanblad said: 'At De Beers, difficult rough diamond trading conditions mean that we have reduced production guidance in 2025 and 2026 to reflect our focus on value, working capital ...