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De Beers optimistic despite $189 million loss

Tuesday, August 05, 2025 | 1000 Views |

De Beers, the global diamond giant, has maintained a positive outlook for the future of the diamond industry despite slipping into losses amounting to $189 million for the first six months of 2025.

The losses, which affirm the protracted slump in the market, are not a sign of a tougher future, according to De Beers.

The group’s financials have been under pressure as the global diamond market has been facing steep headwinds driven by competition from synthetics and low demand in key markets such as China.

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De Beers optimistic despite $189 million loss

De Beers, the global diamond giant, has maintained a positive outlook for the future of the diamond industry despite slipping into losses amounting to $189 million for the first six months of 2025.

'Face to face with the man who tried to kill me'

Couple perishes in suspected 'passion killing' crash

Dimajwe duo arrested after missing assault victim found buried

Dikoloti escapes injury after car hits cow

Five-year-old boy hospitalised after road accident in Mogoditshane

UDC rolls out 'promised' child grant

BPF to hold first youth, women congresses

Of borrowed wheels and brand new GD6

Two-tier education system demands action