De Beers Group has announced plans to suspend production at its Venetia diamond mine in Limpopo, South Africa, for two years as part of efforts to cut costs and reconsider capital spending. The pause will allow for critical infrastructure investment aimed at improving the mine's capacity and efficiency, supporting future production growth when business and industry conditions improve. The Venetia mine produced 2.2 million carats in 2025 and employed around 4,400 people in 2026. Production from the $ ...