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 writes down De Beers, pressing on with business overhaul
Anglo American posted an annual loss of $3.1 billion on Thursday after taking an impairment of $3.8 billion, mostly due to ...
Céline Assimon Steps Down as CEO of De Beers’ Diamond Jewelry Business
Assimon, who joined De Beers in 2020 and served for three years as CEO of Forevermark, helped to sharpen the De Beers image ...
Mining4d
Anglo takes another De Beers writedown as diamond woes bite
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. Last year Anglo ...