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

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

With the prevalence of lab-grown alternatives and an overall decrease in demand, natural diamond companies are being forced to drop their prices. But the market does have the potential to make a ...

The industry has been hammered by a collapse in diamond demand from China and the increasing penetration of lab grown stones.

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

Anglo American said all divisions met their full-year production guidance, and it expects its De Beers diamond business to ...

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

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 American is working to maximise its value should any new M&A suitor come along and anticipates significant progress ...

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

Since De Beers, the world’s leading diamond company, ingeniously announced that “diamonds are forever” in the 1940s, most ...

Anglo holds an 85% stake in De Beers, while the Government of Botswana owns the remaining 15%. The global diamond market has been facing turbulence, with an oversupply of lab-grown diamonds ...