eNCA·3 min read·medium
De Beers to pause work at SA's largest diamond mine
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eNCA
✦AI Summary
De Beers is pausing production at its Venetia diamond mine in South Africa for two years to reduce costs amid a challenging market. The company is struggling with competition from laboratory-grown diamonds and broader economic pressures.
JOHANNESBURG - De Beers announced Monday it will pause production at South Africa's largest diamond mine for two years to reduce costs while trading conditions remained tough.
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