Anglo American has reduced the value of its diamond subsidiary, De Beers, by $2.9 billion, marking the second consecutive year of such writedowns. This adjustment reflects ongoing challenges in the diamond industry, including the rise of lab-grown diamonds and decreased consumer spending in China. Consequently, Anglo American reported a net loss of $3.1 billion in… Read More »Anglo American Writes Down De Beers by $2.9 Billion Amid Market Challenges
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