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HomeBusinessChinese Retailers Unload Diamonds, Worsening De Beers' $2 Billion Inventory Issue

Chinese Retailers Unload Diamonds, Worsening De Beers’ $2 Billion Inventory Issue

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Anglo American’s Chief Executive Officer has addressed the challenges posed by the emergence of lab-grown diamonds, stating that these obstacles are manageable. This statement comes as the company records a $2.9 billion write-down on the value of De Beers, the diamond business it owns.

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