Low diamond prices make De Beers sale more complex
STUBBORNLY low diamond prices had made the sale of De Beers "complex", said Duncan Wanblad, CEO of Anglo American, its 85% shareholder.
"It's complex mainly...
Angola targets up to 30% of De Beers
ANGOLA has revised its approach to acquiring part of Anglo American's De Beers diamond business, now seeking a 20-30% stake rather than the majority...
Anglo considers third impairment of De Beers
ANGLO American said on Thursday it was considering yet another impairment of its diamond business De Beers – its third in the last three...
Penny ticks the boxes for De Beers, says industry CEO
THE depressed diamond market will turn around only if Anglo American choses an "acceptable" buyer for De Beers and the only bidder exhibiting all...
Botswana diamond glut constrains recovery prospects
BOTSWANA'S diamond inventory has swelled to nearly twice its target level, preventing production increases that might otherwise support the struggling economy, said Reuters citing...
Diamond industry urges reform of Kimberley Process
THE diamond industry will meet in Dubai next week to debate whether the Kimberley Process, created to stop trade in blood diamonds, can be...
Botswana working on majority stake in De Beers
BOTSWANA is taking steps to buy a majority stake in De Beers following Angola's rival bid for the diamond producer, said Reuters citing the...
De Beers cuts into stockpile as sale enters critical stage
DE Beers sold more diamonds at discount in the third quarter as it sought to further reduce a stockpile estimated to have topped $2bn...
Angola bids for Anglo American’s De Beers stake
ANGOLA has submitted an offer to acquire Anglo American's majority stake in De Beers, joining a growing list of potential suitors that includes neighbouring...
Lab-grown diamond market bubble has burst
OVER supply and plummeting prices have undermined consumer confidence in lab-grown diamonds, prompting a shift back towards natural stones, said Reuters citing the comments...