De Beers on the 13th said it will pause production at its Venetia diamond mine in Limpopo for two years to cut costs. The group said other mines will maintain current output and overall production guidance remains unchanged; CEO Al Cook described the move as aimed at strengthening operational resilience and part of wider cost-saving and global restructuring. Since 2024 De Beers has cut annual administrative costs by more than $100m and sold or closed non-core assets. Venetia, near the Botswana–Z

De Beers on the 13th said it will pause production at its Venetia diamond mine in Limpopo for two years to cut costs. The group said other mines will maintain current output and overall production guidance remains unchanged; CEO Al Cook described the move as aimed at strengthening operational resilience and part of wider cost-saving and global restructuring. Since 2024 De Beers has cut annual administrative costs by more than $100m and sold or closed non-core assets. Venetia, near the Botswana–Zimbabwe border, is South Africa’s largest-value diamond mine and accounts for roughly 40% of the country’s annual diamond output; it has operated for over 30 years.