Anglo American reported a $3.1billion loss on Thursday, after writing down its De Beers business. The company is continuing to shed unwanted assets.

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 ...

Anglo American posted an annual loss of $3.1 billion on Thursday after taking an impairment of $3.8 billion, mostly due to ...

GMT - Anglo American's hopes of finding a buyer for its De Beers diamond unit in the near term are slim, AJ Bell investment director Russ Mould writes. This is because the outlook for De Beers is so ...

Shares were down 45.05 pence, or 34%, at 85.95 pence in early afternoon European trading, having hit a low of 68.05 pence earlier in the session and marking their lowest level since January 2017.

Anglo American's CEO says the headwinds from lab-grown diamonds were surmountable as owner writes down $2.9 billion of De ...

Anglo American PLC has announced a new US$2.9 billion write-down for its De Beers diamond arm, as it continues to search for a buyer for the unit, as the pivot ...

The price of a ring-size single-carat stone has fallen by 37 per cent. To survive, luxury jewellers will have to persuade ...

The contrast with Anglo’s unloading of its platinum group metals (PGMs) and diamond assets is quite stark. PGMs are in a rough patch at the moment but have a future, while diamond miners face an ...

A new report has documented increasing pressure on the De Beers Group as the diamond industry navigates the economic downturn.