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

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

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

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 ...

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 ...

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

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 ...