The mining giant De Beers has announced that it is suspending production at South Africa’s biggest diamond mine for two years. A change in consumer behaviour as well as competition from cheaper lab-grown diamonds are the main reasons for the company needing time to cut costs and streamline operations. Lester Kiewit speaks to Peter Major, mining analyst and director of mining at Modern Corporate Solutions.

Good Morning Cape Town with Lester Kiewit is a podcast of the CapeTalk breakfast show. 

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