DIAMONDS
Diamond miner De Beers, a subsidiary of diversified miner Anglo American, has lowered its production guidance for the 2024 full-year to between 26-million and 29-million carats in response to the higher-than-average levels of inventory in the market and expectations of only a gradual recovery in demand for rough diamonds. It had previously targeted production of 29-million to 32-million carats this year.
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