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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.

Gov't moves to close tax gaps

Chief judge promises fairness at tomorrow's Miss Botswana finale

High pressure mounts on fuel prices

We respect AFCON final decision – Babitseng

Court blow rocks BPF leadership

BPF moves to rebuild unity-Lucas

‘Reatile, Ookeditse deal was gentleman’s agreement’

Branch fires early warning shot as Portugal fuels title push

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