Reported about 1 year ago
De Beers, a prominent diamond miner, faces challenges as young American couples increasingly prefer lab-grown diamonds over natural ones, impacting the diamond industry. Amid plans for a possible sale or separate listing by top shareholder Anglo American, De Beers must navigate a diamond market with weakened demand and growing competition from lab-grown stones, which are more affordable. Potential buyers include luxury goods companies, sovereign wealth funds, and the government of Botswana, but finding the right fit will be crucial for the future of De Beers and the diamond industry.
Source: YAHOO