Chinese demand has slumped as competition from lab-grown alternatives has increased
Russian state company’s 41% stake was sold to an Omani-backed investment fund Maaden
Relations between African nation and diamond group frayed before Duma Boko’s election
Value of 2,492-carat gem could exceed what Lucara paid for De Beers’ share of Botswanan mine where discovery was made
Some think market for rough stones will bounce back as falling prices for factory produced rivals trigger profitability warnings
Deepening downturn adds to pressure on mining group after rejecting BHP bid
An IPO looks most likely, with pricing depending on plans to stabilise earnings and bolster free cash flow
Al Cook plans a mining-to-retail operation after savage downturn and failed BHP bid for owner Anglo American
Miner has pledged to dispose of or list world’s biggest diamond business even as market remains weak
CEO Wanblad makes the case to shareholders and South Africa’s president
Restructuring will forever change 107-year-old miner as £34bn takeover battle looms
The fact that the mining group has finally moved to clean up its messy structure has to be a good thing
The natural jewels have lost their old mystique because carbon crystals can be grown in labs
Anglo American unit’s output down 23% as luxury pullback and emergence of lab-grown gems take toll
Chinese consumers’ shift to gold jewellery helps push down demand despite wider revival in luxury market
Miner suffers slide in earnings and cuts dividend because of slow recovery in gemstones and tumble in metal prices
Rubies and emerald prices hold up but man-made rivals dull demand of diamonds
Mining boss faces battle as lab-grown alternatives proliferate
Also in this newsletter: the EU’s future climate commissioner gears up for grilling on his fossil fuel past
Man-made competition hurts price of natural stones, though fears of bankruptcy mount among lab-grown producers
Critics warn arrangement following populist campaign will be bad for the industry as well as the company
Negotiations had raised uncertainty over strategic value of miner for owner Anglo American
President threatens to abandon diamond producer unless country’s share of rough stones is increased
Oil veteran Al Cook to replace Bruce Cleaver after 7 years in charge
Diamond sales have held up thanks to pent up demand from consumers following the pandemic
