Anglo American writes down value of diamond firm De Beers by $2.9bn
Sale of the miner, which is now valued at $4bn, may be delayed following ‘really, really difficult’ market
The world’s biggest diamond miner, De Beers, cost its parent company almost $3bn last year as the growth in lab-grown stones continues to take the shine off the industry.
Anglo American was forced to write down the value of the renowned gem producer for a second consecutive year as its chief executive admitted the diamond markets had proved “really, really difficult for the company”.
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