# @bbcnews on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/Da-7w1DE8jH
- **Gondola URL:** https://gondola.cc/posts/68036589-bbcnews-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/6413f5e50b.jpg
- **Posted:** 2026-07-19T17:46:23.000+00:00
- **Account Owner:** BBC News (@bbcnews) — https://gondola.cc/bbcnews

## Caption

Diamonds aren’t forever? 💎

Production at South Africa’s biggest diamond mine is set to stop for two years - because fewer people are buying the gems.

Announcing its decision to close the Venetia mine - which produces more than 40% of South Africa’s diamonds and employs over 4,000 people - De Beers said it needed to cut costs and streamline operations.

Prices across the industry have fallen, and there is stiff competition from much cheaper lab-grown gems.

Tap the link in BBCNews’s bio to find out what De Beers is planning on doing with the mine during the downtime.

(Getty)

#Diamonds  #SouthAfrica #BBCNews

## Stats

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- **Comments:** 791

## Tags

bbcnews, diamonds, southafrica

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