Anglo writes down De Beers, pressing on with business overhaul
LONDON (Reuters) -Anglo American posted a $3.1 billion loss on Thursday after a writedown of its De Beers diamond business, ...
Anglo American writes down De Beers value by $2.9bn
Anglo is considering either selling or listing De Beers, the carrying value of which is now about $4bn. That includes about ...
EXCLUSIVE: Adwoa Aboah Stars in De Beers Jewelry Campaign as Company Rebrands, Readies Paris Flagship
It's all change at De Beers Jewellers, which has rebranded as De Beers London with a new campaign starring Adwoa Aboah and a ...
Anglo American Writes Down De Beers Diamond Unit Value by $2.9 Billion
The diversified miner posted a worse loss than expected as it booked billions of dollars worth of net impairments.
Anglo American writes down De Beers value by another $2.9B but analysts see progress
Anglo American wrote down the value of its struggling De Beers diamond business by another $2.9B, after already writing down ...
FTSE 100 Live 20 February: Centrica and Lloyds shares rally on results, miner cuts De Beers value
Annual results today fuelled strong share price performances by widely-held Centrica and Lloyds Banking Group. The British ...
Chinese retailers are offloading polished diamonds as demand tanks, adding to a $2 billion inventory headache for De Beers
Anglo American's CEO says the headwinds from lab-grown diamonds were surmountable as owner writes down $2.9 billion of De ...
Anglo American writes down value of De Beers by $2.9bn
Anglo American has written down the value of its De Beers diamond business for the second time in two years. The ...
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Anglo American writes down De Beers on weak diamond market
Anglo-American first announced last year its decision to divest from De Beers, the diamond company that long dominated the ...
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Anglo takes another De Beers writedown as diamond woes bite
De Beers has dramatically cut production to try and limit a supply glut, but so far prices have remained subdued.
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Anglo writes De Beers down by $2.9bn as it prepares to ditch diamond giant
The diamond sector faces an existential crisis from far cheaper lab-grown alternatives and the fading allure of the romanticism around the gems. Anglo is parting ways with De Beers for a reason and ...
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A transformational year for Anglo American
Anglo American progressed the structural overhaul of its portfolio throughout 2024, while maintaining solid financial returns ...