Published Jul 13, 2026, 5:04 AM ET · Updated 4 months ago · 1 source

De Beers to Shutter South African Diamond Mine to Save Cash

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De Beers to Shutter South African Diamond Mine to Save Cash

Diamond giant De Beers plans to halt production at its South African mine for two years, as the one-time monopoly continues to wrestle with one of the deepest crises to ever hit the industry.