Dossier
lab-grown stones
Coverage of lab-grown stones in the Nexus archive.
- De Beers halts S. Africa mine output
De Beers has halted production at South Africa’s Venetia mine, its largest diamond mine, due to declining gemstone prices caused by slowing demand and competition from lab-grown stones. The mine produces 40% of South Africa’s diamonds, and real diamond prices have fallen 50% since 2022, prompting De Beers’ parent company, Anglo American, to consider selling the business.