De Beers plans to halt production at its South African diamond mine for two years as it seeks to conserve cash amid a severe industry downturn, according to Bloomberg.
The diamond producer, once a near-monopoly in the sector, is grappling with what it described as one of the deepest crises to hit the industry.
De Beers to Halt South African Diamond Mine for Two Years to Save Cash
2026-07-13 09:16:17
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