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Diamond Mines Closing Leave South Africans With Few Alternatives

Wall Street Journal US Business •
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Weak sales and the rise of lab-grown stones are threatening the livelihoods of thousands of workers in De Beers' mines across South Africa. As global demand falters, the country's diamond mining sector faces significant contraction. This downturn leaves many South African communities with few economic alternatives, raising concerns about the future of employment in regions long dependent on these operations.

The crisis underscores the growing pressure on traditional mining giants.