De Beers sales dip adds to Anglo American woes Diamond Sales at South African-British diamond merchant De Beers have fallen, the firm reported today, adding to the woes of its owner Anglo American.
Diamonds aren’t forever – Anglo American mulling impairment charge over struggling De Beers Mining De Beers couldn't turn a profit through the second half of last year (Photo by Alexander NEMENOV / AFP) (Photo credit should read ALEXANDER NEMENOV/AFP/Getty Images)
What do analysts think of BHP’s £31.1bn proposal for Anglo American? MINING Though the proposal mandates divesting two of Anglo American's problem children, it appears BHP is fine with keeping diamond brand De Beers.
Diamond glut sees London-listed miner Anglo American cut gem production April 23, 2024 London-listed miner Anglo American said it decreased diamond production through the first quarter by almost one quarter.
Diamond slump weighs on Anglo American’s profits February 22, 2024 The firm's investors also took a major hit in the earning report this morning, with profit attributable to equity shareholders of the company falling 94 per cent
Will the mined diamonds industry collapse due to lab-grown gems? Some say it ‘already has’ March 9, 2024 Around 90 per cent of people choosing an engagement ring at London Diamonds in the last two years have chosen lab grown
How lab-grown diamonds could solve ethical and price problems to be next crown jewel September 16, 2023 Petra Diamonds share price took a three per cent tumble on Friday morning, following news that the number of rough diamonds it sold slumped by 33 per cent. Adjusted profit before tax also fell by a whopping 95 per cent $8.3m (£6.7m), driven by a drive decline in total diamond production. The FTSE 250 company [...]
Slumping profits, massive writedowns and a crumbling valuation – what’s happening with Anglo American? February 26, 2024 Anglo American is struggling from falling diamond and platium prices as well as instability in South Africa.
Anglo American’s copper productions soar on its decarbonisation journey October 24, 2023 Report by Anglo American reveals a four per cent decrease in copper production in Chile and a more promising 43 per cent increase in Peru.
Veteran financier Sir Evelyn de Rothschild dies aged 91 November 8, 2022 Veteran financier Sir Evelyn de Rothschild has died at the aged 91. The tycoon, born in 1931, passed away “peacefully at home” according to a family statement released this morning. He served as chair of NM Rothschild and Sons and of The Economist in a long career spanning 60 years. Sir Evelyn de Rothschild, who [...]