Anglo American to Cut De Beers’ Expenses by $100M

NewsBrief   December 11, 2023   Anglo American to Cut De Beers' Expenses by $100M Anglo American will slash De Beers' overhead costs in response to the diamond-market downturn, the parent company said Friday. Christie's London Sale Brings in Nearly $9M Top items fetched more than three times their high estimates.   Three Takeaways from Signet's Earnings Call America's biggest diamond retailer believes bridal demand is recovering.   Sponsored Content: AGTA's Legacy of Ethical Excellence In this first half of a two-part series, we explore some of the American Gem Trade Association's key achievements. Trending Stories De Beers Reduces Value of Rough Allocations   Podcast: The Passionate, Practical Appraiser   Market Comment: December 7, 2023 Events Rapaport Quarterly Pawnshop Auction December 11-19 New York & Dubai More Details   Rapaport Melee Auction December 12-21 New York & Dubai More Details   Rapaport Single Stone Auction December 20-27 New York & Israel More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1,402 -0.10% 0.10% -4.65%  0.50 ct 1,939 0.11% 0.73% -27.63%  1.00 ct 5,963 0.08% 0.22% -21.72%  3.00 ct 21,996 -0.47% -0.06% -12.25% Rapaport Investment Grade Diamonds

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