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De Beers to Halt Work at Diamond Mines

Firm last suspended production during the Great Depression

By Nick McMaster,  Newser Staff

Posted Feb 24, 2009 2:19 PM CST

(Newser) – De Beers has temporarily shut down its diamond mines in Botswana due to low demand for the precious stones, the Telegraph reports. The firm’s Botswana mines account for half of De Beers’ output, and about a fifth of diamond production worldwide. De Beers was...   Read full story »

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