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 ...
Mining4d
Anglo takes another De Beers writedown as diamond woes bite
Anglo has agreed to sell its coal and nickel mines and is on course to exit platinum later this year. That just leaves De Beers to go. Yet the diamond industry is in the midst of a crisis.
Miningmx5d
Hefty De Beers write-down takes Anglo into headline loss
A $2.9BN write-down of De Beers ... for diamond sales. Anglo has made rapid progress restructuring its portfolio as it laid out last year amid a hostile takeover attempt by BHP. It has signed ...
This is Money4d
De Beers valuation slashed by $2.9BN on weak diamond demand
Anglo American has slashed its valuation of De Beers by $2.9billion as it seeks to offload the iconic diamond brand amid lacklustre demand for the precious stones. The mining giant blamed ...
Reuters5d
Anglo writes down De Beers, pressing on with business overhaul
LONDON, Feb 20 (Reuters) - Anglo American (AAL.L), opens new tab posted a $3.1 billion loss on Thursday after a writedown of its De Beers diamond business, as it presses on with shedding unwanted ...
EWN Sport4d
Anglo American writes down De Beers on weak diamond market
LONDON - Mining giant Anglo American announced Thursday a fresh write-down of De Beers as it seeks to offload the diamond group amid a wider industry downturn, notably due to weak Chinese demand.
AOL5d
Chinese retailers are offloading polished diamonds as demand tanks, adding to a $2 billion inventory headache for De Beers
Anglo American’s troubled ownership of the De Beers group was brought into fresh focus on Thursday as the mining company announced a fresh multibillion-dollar write-down of the diamond group it ...