The South African diamond industry is facing a major crisis, leading to mine suspensions, business rescues, and asset sales in the Free State and Northern Cape.
1 report, 1 independent
Updated Aug 1
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What happened
The South African diamond industry is facing a major crisis, leading to mine suspensions, business rescues, and asset sales in the Free State and Northern Cape.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Petra Diamonds, which owns the Cullinan Diamond Mine in South Africa, is being affected by global macro factors, including the Middle East conflict.Sub-event
Major diamond industry crisis in South Africa prompts mine suspensions and asset sales.1 source
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The entities involved
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South Africa
country in southern Africa
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Free State
province of South Africa
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De Beers
International corporation that specialises in diamond exploration, diamond mining, diamond retail, rough diamond sales and industrial diamond manufacturing