via Business of Fashion · July 13, 2026
De Beers to Shutter South African Diamond Mine to Save Cash
The diamond giant will halt production at the mine for two years to cut costs, but said the move won't impact output goals as it will produce more stones elsewhere
The Story
Diamond giant De Beers plans to halt production at its South African mine for two years, as the one-time monopoly continues to wrestle with one of the deepest crises to ever hit the industry.
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Original report
Business of Fashion
