Diamond costs Cave in something more than frustrating the plans to sell to the leader in the beer industry, they are the last economic headache for Russia.
A primary export company for Russia, diamonds were added to the lists of Western global sanctions at the beginning of last year and hardened to come with cultivated laboratory stones and fabrics processed in the third countries, while the war in Ukraine has dragged.
But the genuine pain for the Russian and Alrosa diamond industry, its main producer, is the same one that is felt through the industry, which has noticed the valuables of the jewels grown in the laboratory fallen in almost 75% in the More than five years, gently exceed a slide of 8% in the value of extracted diamonds.
The simplest explanation of valuable discounts is that the diamond market is flooded with less expensive herbs and synthetic stones.
The most complex reasons for autumn come with the discoloration of customer demand, because buyers spend more for other parts, such as electronic devices and trips, sales in China Fade and the perennial bestseller, a commitment of ring diamonds and It is not an essential purchase.
The effect on Beers, which belongs to 85% through the Indexed Mining Corporate It would be in the century of the diamond industry.
Russia Alrosa was burned through adjustments in the diamond market, informing that production last year in its mines in the Yakoutia region in Russia decreased by 4. 6% to 33 million carats, a fall that reached a slide 2. 8% in 2023.
The pressure on Alchosa has forced the Russian government to continue with a diamond acquisition program aimed at supporting with $ 1. 55 billion assigned in the country’s budget to buy unveiled gems.
A press release from the Russian government at that time said that the budget had separated “the solid global diamond costs after excess excess of offering in the existing market. “
The challenge with those comments and the resolution of beers also buy diamonds is that the existing market can last much longer than other people close to the industry.
The horrible truth according to which the diamond industry may have changed through the production of low quality, high quality and cultivated laboratory fabrics, seems to infiltrate slowly to infiltrate Beers’s plans and its main shareholder, Anglo American
Diamond “cultivate” machines in India. (Photo by Sam Panthaky / AFP Getty Images)
Registered as an asset to sell as a component of a defense opposite to a purchase in the BIT bought in the BHP mining rival, Anglo American forced to score last year in the component of beers from $ 1. 6 billion to 7, $ 6 one billion.
A moment of writing in an examination under asset deficiency will be included in the Anglo Anglo American Benefit report that is expected to be published next week.
The duration of a moment is unknown prospective writing, however, it can be significant since the times of monetary newspapers reported last week that RBC analysts, an investment bank, evaluated the participation of 85% Anglo American in the Diamond sector with $ 2. 5 billion.
The Cave of the Diamond Industry would have taken other people who paint there through surprise, however, those who are out of the door have noticed the inevitable fall of several years, while the quality of the jewels cultivated in the Laboratory has improved, prices have fallen and buyers (((as well as some experts) to make a difference in relation to the extracted team.
For Anglo American, who controlled to sell carbon and platinum assets in his motivation to a copper and iron mineral specialist, the challenge is what to do with Beers, which has the Botswana government as a shareholder ‘15%.
Diamonds lately constitute 70% of Botswana’s export profits with exploited mines through Beers classifying the moment when the African country in Russia in terms of volume and first in terms of price thanks the higher level gems extracted of mines like that Oapa and Jwaneng.
Botswana Minister, Bogolo Kenewendo, showed last week that his country interested in obtaining greater participation in De Beers.
The challenge is that having more a company in difficulty would not be an intelligent concept because diamond brands cultivated in the laboratory become a task in the laboratory.
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