diamonds

Consumer

Diamond Giant De Beers to Shutter Largest Mine Under Mounting Pressure

Photo via Alex Segre/UCG/Universal Images Group/Newscom

This month Bloomberg reported that De Beers cut its prices to bring them much closer to the market rate, abandoning its premium position.

1 min read

Photo by Ajay Suresh via CC BY 2.0

Industrials

De Beers Gets a $2.9 Billion Writedown

De Beers, one of the largest companies in the diamond mining sector, has been battered by the ascendance of cheaper lab-grown gems.

1 min read
Photo by Energepic.com via Pexels

Consumer

Loser of 2024: The Luxury Market

Luxury brands were riding the subway instead of lounging in limos this year, though a couple of brands were able to buck the trend.

1 min read
Photo by Li Zhang via Unsplash

Consumer

Diamonds Come Under Even More Pressure from Sluggish China Demand

Anglo American is cutting back diamond production to try to hedge against China’s continued ambivalence toward the gemstones.

2 min read

Industrials

The Natural Diamond Industry is Cracking Up

Photo illustration by Connor Lin / The Daily Upside, Photos via Freepik

The diamond industry is undergoing a major shake-up. But can just how far can the bottom fall for the industry?

5 min read

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