De Beers halts output at South African diamond mine as weak prices weigh on sale
- Posted on July 13, 2026
- By Financial Times
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- 1 min read
In brief
De Beers has suspended production at a major South African diamond mining facility due to declining market prices, reflecting broader industry challenges. The halt comes as Anglo American pursues the divestment of its diamond operations amid intensified competition from synthetic lab-grown diamonds. This strategic shift highlights the sector's transformation as alternative stones gain market traction and traditional mining becomes economically less viable.
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De Beers halts output at South African diamond mine as weak prices weigh on sale
Anglo American looking to sell diamond business as competition from lab-grown stones intensifies
