Anglo American admits slow reaction to lab diamonds
Anglo American admits slow reaction to lab diamonds, underestimating their surge in...
Anglo American admits slow reaction to lab diamonds
T he comments come as Anglo American continues efforts to sell De Beers, which it has written down in value over the past three years. Duncan Wanblad, CEO of Anglo American, admitted the diamond sector, including De Beers, missed...
opportunities by underestimating lab-grown diamonds’ surge, a shift that transformed the global gem market and squeezed traditional producers. Industry players anticipated the downturn would follow previous cycles, with demand and prices recovering swiftly. Yet, the increasing popularity of lab-grown diamonds...







