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Anglo writes De Beers down by $2.9bn as it prepares to ditch diamond giant
The diamond sector faces an existential crisis from far cheaper lab-grown alternatives and the fading allure of the romanticism around the gems. Anglo is parting ways with De Beers for a reason and ...
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 ...
Anglo American Writes Down De Beers Diamond Unit Value by $2.9 Billion
The diversified miner posted a worse loss than expected as it booked billions of dollars worth of net impairments.
Anglo American Writes Down Value of De Beers Diamond Unit by $2.9 Billion — Update
Anglo American 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 as part of the miner's efforts to simplify its ...