Murowa earnings hit by declining diamond prices

The rise of synthetic diamonds, weaker consumer demand, geopolitical complications and shifting pricing dynamics have altered the economics of natural diamond mining.

RIOZIM’s associate, RZM Murowa (Murowa) says its revenue and profitability were negatively affected by receding global diamond prices despite a slight uptick in production during the six months to June 30,2024. Mining activities from the pits remained suspended as the company is currently engaged in extensive exploration targeted at extending the life of its pits.…

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