De Beers to Shutter South African Diamond Mine to Save Cash

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...

By Thomas Biesheuvel · Bloomberg Markets

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.