De Beers’ mother or father firm reduces worth by nearly half
Anglo American has reported that it has assessed the price of subsidiary De Beers at $2.3 bn (£1.68bn), down from $4.1 bn (£3bn) the yr earlier than.
In its newly launched annual outcomes for 2025, the London-based multinational mining firm mentioned the overall hit to De Beers of $1.8 bn (£1.34bn), $2.3bn (£1.68bn) previous to tax and different deductions, might be linked to decreased long-and short-term diamond worth forecasts.
It added that costs have been pushed down by clients’ rising choice for pure diamonds and lab grown diamonds, leaving extra uncut diamonds accessible than the market at the moment needs and subsequently driving down their worth by 12%.
In 2025, De Beers offered diamonds for a median $142 (£105) per carat, 7% lower than the $152 (£112) per carat they received in 2024. It attributed this primarily to the autumn within the general worth of tough diamonds and its sale of some diamonds at decrease costs.
De Beers’ general income elevated by 6% to succeed in $3.49bn (£2.59bn) in 2025, up from $3.29bn (£2.40bn) within the earlier interval.
The corporate mentioned that increased earnings have been partly lowered by the “ongoing difficult tough diamond buying and selling situations at De Beers”.
Its underlying EBITDA plummeted to $511mn (£378.6mn) from $25 mn (£18.5mn) amid the value drops and reductions.
Anglo American’s general revenue stood at $1.35bn (£1bn), up from $975 mn (£724mn) in 2024.
Its revenue earlier than tax was $883mn (£654mn), a turnaround from a $1.36bn (£1bn) loss in 2024.
Duncan Wanblad, CEO of Anglo American, mentioned: “2025 was a transformational yr for Anglo American as we progressed our portfolio simplification and set the course for the way forward for our firm by agreeing to merge with Teck to type a world crucial minerals champion – as Anglo Teck.
“In parallel, we continued to speed up supply of our personal strategic priorities of operational excellence, portfolio optimisation and development, making nice strides through the yr and unlocking materials worth for our shareholders.”
He added: “We’re dedicated to seeing our portfolio adjustments by to their conclusion, following the profitable demerger of Valterra Platinum in Could and the sale of our residual holding within the enterprise in September. We proceed to progress the sale of our Steelmaking Coal enterprise, the agreed sale of our Nickel enterprise is transferring by regulatory approval, and we’re progressing the separation of De Beers.”
