A reduced typical harsh consumer price index and supply rebalancing efforts had a substantial effect on ruby miner De Beers’ revenues for the 2025 fiscal year, leading to a hidden loss prior to passion, tax obligations, devaluation and amortisation of $511-million, compared to a loss of $25-million in 2024. The business’s harsh ruby manufacturing lowered by 12% to 21.7-million carat weights for 2025, from 24.7-million carat weights in 2024.
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