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CommoditiesMedium•20 February 2026•

1 min read

Anglo American Reports $3.7 Billion Loss Following Massive De Beers Writedown

An open-pit mine with heavy machinery, piles of ore, and mining tools. Chinese and Canadian flags are in the background, overlaid with rising green and red graphs. Bitcoin coins and hard hats are in t

Anglo American reported a significant net loss of $3.7 billion, primarily driven by a massive impairment charge on its diamond subsidiary, De Beers. Total writedowns for the diamond unit reached a staggering $6.8 billion in 2025, reflecting severe market challenges and a decline in asset valuations. This fresh adjustment highlights the ongoing volatility and weakening demand within the global diamond industry. The company's financial performance was heavily weighed down by these non-cash charges, impacting overall investor sentiment. Analysts view this move as a reflection of deep-seated structural issues facing the luxury commodities sector. Following the announcement, the company's stock (AAL.L) faced downward pressure as the market digested the scale of the impairment.