Anglo could take writedown on De Beers after diamond slump

[ad_1] 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 […]

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De Beers warns diamond recovery will be slow after terrible year

[ad_1] By Bloomberg Published Feb 8, 2024 De Beers expects any recovery in the beleaguered diamond market to be slow and gradual as the industry continues to suffer from weak economic growth in key markets such as China and the US.  Bloomberg The sector almost came to a complete standstill in the second half of […]

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