By Reuters API Published Mar 27, 2024 Russia’s finance ministry has agreed with sanctions-hit diamond producer Alrosa to purchase part of the company’s production in 2024, a source familiar with the matter said on Wednesday. Reuters Interfax news agency earlier on Wednesday reported on the agreement, citing two sources familiar with the matter. As part … Read more
By Bloomberg Published Feb 9, 2024 Anglo American Plc said it could take an impairment on its De Beers diamond unit after the sector was hit by a collapse in prices last year and any recovery this year is expected to be slow. Bloomberg Anglo said Thursday it was assessing its carrying value of De … Read more
By Bloomberg Published Jan 15, 2024 De Beers made big cuts to its diamond prices as the world’s top producer tries to revive gem sales after the market ground to a halt last year. De Beers- Facebook The industry almost came to a complete standstill in the second half of 2023 as the two biggest … Read more
By Bloomberg Published Dec 18, 2023 The world’s two biggest diamond miners are selling stones again after the industry all but halted supplies in a desperate attempt to stop a collapse in prices. Jay Krishna Diamond- Facebook This year’s rout that was driven by swelling inventories forced the sector to take radical steps to support … Read more
