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 ...
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Diamond Prices Are Crashing
Hugh Cameron is Newsweek Live News Reporter based in London, U.K. His focus is reporting on international politics, conflict, and crime. Hugh joined Newsweek in 2024, having worked at Alliance ...
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Diamond price crashes as jeweller warns precious mineral getting cheaper by the week
The price of a one-carat natural diamond has dropped from £5,422.67 in May 2022 to £3,923.83 last December. De Beers, the diamond industry giant, has entered 2024 with a massive £2billion stockpile of ...