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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.

Human rights are sacred

Bakgatla Ba Kgafela celebrate as Kgosi Kgafela’s charges are dropped

First Lady's office hosts second annual thanks giving ceremony

PSLE performance on upward trend

Bona Life tee-off Maruapula Loxion Golf journey

Cops arrest young man, seize dagga in Metsimotlhabe

Second Mogoditshane rape attack in two weeks

Suspected suicide behind Sir Seretse Khama Barracks

Human rights are sacred