Diamond giant De Beers halts work at flagship South African mine as demand plummets

Mining giant De Beers is suspending production at South Africas biggest diamond mine for two years, as changing consumer habits continue to shrink profits. Prices across the industry have fallen because fewer people are buying diamonds than in the past, especially in China, and there is stiff competition from much cheaper lab-grown gems. Announcing its [...] The post Diamond giant De Beers halts work at flagship South African mine as demand plummets appeared first on Kahawatungu.