Overview

• De Beers will stop producing lab-grown diamonds for jewelry and focus on natural diamonds.
• The company plans to use lab-grown diamonds for advanced technology and industrial applications.
• Falling prices and declining demand for lab-grown diamonds have influenced this strategic shift.
• De Beers aims to strengthen the market for natural diamonds through strategic partnerships and marketing.
• Anglo American plans to divest De Beers, focusing on commodities supporting green infrastructure.