Anglo American writes down value of diamond firm De Beers by $2.9bn

<p>Sale of the miner, which is now valued at $4bn, may be delayed following ‘really, really difficult’ market</p><ul><li><a href="https://www.theguardian.com/business/live/2025/feb/20/uk-consumer-confidence-sinks-lloyds-bank-profits-drop-motor-finance-stock-markets-business-live-news">Business live – latest updates</a></li></ul><p>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.</p><p>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”.</p> <a href="https://www.theguardian.com/business/2025/feb/20/anglo-american-writes-down-diamond-de-beers-29bn">Continue reading...</a>