Anglo American Plc is considering reducing its diamond production further due to ongoing challenges in the market, including weak demand from China and an oversupply of diamonds.

The company is also exploring options to sell or restructure its De Beers diamond business, which has been negatively impacted by declining gem prices.

The traditional diamond industry is facing significant pressure due to sluggish consumption in China, increased competition from lab-grown diamonds, and the global impact of inflation on consumers.