Chinese retailers are offloading polished diamonds as demand tanks, adding to a $2 billion inventory headache for De Beers
Anglo American's CEO says the headwinds from lab-grown diamonds were surmountable as owner writes down $2.9 billion of De ...
Diamonds are not forever (as lab-grown rocks tank prices)
The price of a ring-size single-carat stone has fallen by 37 per cent. To survive, luxury jewellers will have to persuade ...
Anglo American Writes Down De Beers Diamond Unit Value by $2.9 Billion
The miner wrote down the value of its embattled diamond business again as it seeks to ready the division for disposal.
New Statesman13d
Spotify is not as cheap as it seems
De Beers is the company behind the slogan “A diamond is forever” and the idea that a suitor should spend two months of their salary (two months!) on an engagement ring. The high prices diamonds have ...
Yahoo Finance4d
Anglo Takes Another De Beers Writedown as Diamond Woes Bite
(Bloomberg) -- Anglo American Plc took another writedown on its struggling De Beers diamond unit, and posted a slide in profit, as the miner moves ahead with a radical overhaul of its business.
Daily Maverick5d
Anglo writes De Beers down by $2.9bn as it prepares to ditch diamond giant
Given prevailing diamond market conditions, we have reduced our carrying value of De Beers by $2.9-billion ... may have once thought would be forever. DM ...
Wall Street Journal4d
Anglo American Writes Down De Beers Diamond Unit Value by $2.9 Billion
Anglo American AAL3.40%increase; green up pointing triangle wrote down the value of its embattled De Beers diamond business by another $2.9 billion as it seeks to ready the division for disposal a ...