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De Beers slashes rough diamond sales for 2025

Summary by Miningmx
DE Beers on Thursday slashed production guidance by as much as 40% to between 20 million to 23 million carats for the 2025 financial year. The move recognises little chance of a major recovery in the diamond market this year continuing difficult conditions last year. De Beers will report “a marginally” negative Ebitda for the second half of its 2024 financial year (+$300m Ebitda in H1). The company, 85%-owned by Anglo American, will also book an…
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