Workers unions have previously warned against job losses in South Africa’s mining sector, which employs almost half a million people., external and represents more than 4% of the national GDP, external. De Beers is majority owned by Anglo American, which is reportedly trying to sell it and focus on the growing copper market., external driven
Diamonds are losing their luster and the lab-produced boom appears to be the main culprit, the source says. What’s more, the turmoil could be permanent. Lab-grown diamonds, which are virtually indistinguishable from natural stones and sell for a fraction of the price, had a chilling effect on the natural diamond market when they experienced an