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 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 ...

Under terms of new agreement, Botswana’s government will be allowed to sell 30% of rough diamonds mined through joint mining ...

De Beers has finalised talks on a rough diamond sales deal with the Botswana government and on extending mining licences for ...

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 ...

Deal comes after more than five years of negotiation and within 100 days of the election of a new government in the country.

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

De Beers has accumulated its largest diamond stockpile since the 2008 financial crisis, with inventory levels hovering around $2 billion in 2024, acc ...

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

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

Last year, Anglo American reduced the diamond business’ book value by $1.6bn to $7.6bn. De Beers' rough diamond production fell by 26% to 5.8 million carats in the fourth quarter of 2024 (Q4 ...