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Diamonds in the rough

Anglo American, courtesy of its De Beers division, is in the news today thanks to a poor outlook for diamonds, but the company with a bigger problem is the world’s third biggest diamond miner, Rio Tinto.

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At 12.76 carats, Argyle’s Pink Jubilee diamond made history as the biggest pink rough diamond found in Australia

Anglo American’s diamond output released this morning showed an 11% fall for the year-to-date when compared with the same period last year and a 25% fall quarter-on-quarter as the company looked to