Mining giant Anglo American has written down the value of its troubled De Beers diamond business by another 2.3 billion US dollars (£1.7 billion) amid a slump in demand for the precious gems.
The FTSE 100 firm reported net losses of 3.7 billion dollars (£2.8 billion) in 2025 due largely to the massive impairment charge on De Beers, which marked its third such write down in three years.
