Charge of $2.3bn is FTSE 100 miner’s third writedown of diamonds business in three years amid prolonged market slump ...
Soft economic growth in China, and the rise of cheaper lab-made diamonds has taken the shine off the storied unit.
The diamond industry is mired in one of its worst ever crises, while Anglo’s two flagship coal mines have both been halted ...
A lower average rough price index and stock rebalancing initiatives had a significant impact on diamond miner De Beers’ earnings for the 2025 financial year, resulting in an underlying loss before ...
Anglo American slashes De Beers' value by $2.3B amid a diamond market slump, leading to a $3.7B annual loss. With lab-grown diamonds rising and US tariffs disrupting trade, is the sparkle of natural ...
The Gahcho Kué diamond mine in the Northwest Territories says it's begun talking to some employees about job cuts after a ...
By Clara Denina LONDON, Feb 20 (Reuters) - Anglo American posted a $3.7 billion loss on Friday after taking another writedown ...
Anglo American plc took yet another writedown on its struggling De Beers unit and reported steady profits as its diamond operations continued to weigh on earnings.
The miner said it had booked a $2.3bn impairment charge for De Beers, as it looks to sell its 85% stake in the business.
Investing.com -- Anglo American PLC (LON: AAL) swung to a $3.7 billion loss on Friday after recording another significant writedown on its diamond business, as the miner presses ahead with efforts to ...
Rough diamond trading conditions remained challenging throughout 2025 amid persistent industry, geopolitical and tariff uncertainty, according to a report of De Beers Group published on Friday.
LONDON, UK - Media OutReach Newswire - 11 February 2026 - In the 1930s, De Beers redefined the role of diamonds in society, celebrating them as masterpieces of nature and craftmanship. Before this, ...