The government of Botswana and South African diamond firm De Beers say they have reached a new, 10-year sales agreement following talks that had dragged on since 2019. Analysts say the diamond ...

De Beers said there were signs of a pick up in US diamond demand before Christmas, while India has overtaken China to become the second-biggest market. The industry has been hammered by a collapse ...

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 expects to book an impairment this year for its De Beers diamond business due to weak market conditions. This announcement comes as the company moves forward with plans to either ...

Anglo American (LON: AAL) expects its De Beers diamond business to record another impairment this year amid declining sales. The London-listed miner said on Thursday that it will review De Beers ...

Diamond mining giant De Beers Group has completed negotiations with the Government of Botswana to establish a new ten-year sales agreement for Debswana’s rough diamond production until 2033.

Anglo American (LON: AAL) is moving closer to spinning off its diamond unit, De Beers, after the government of Botswana confirmed interest in increasing its stake. De Beers, the world’s leading ...

Gaborone, Botswana — The government of Botswana and South African diamond firm De Beers say they have reached a new, 10-year sales agreement following talks that had dragged on since 2019.

DE Beers on Thursday slashed production guidance by as much as 40% to between 20 million to 23 million carats for the 2025 financial year. The move recognises little chance of a major recovery in the ...

Anglo (OTCQX:AAUKF) (OTCQX:NGLOY) said it expects its De Beers diamond business to book an impairment, as the company reviews the diamond unit's value in light of continued subdued demand for ...

In 2023, Botswana and De Beers agreed to a fresh 10-year diamond sales deal, under which the government's share of diamonds from the Debswana JV will increase to 30% and gradually rise to 50% over ...