DiamondBuzz
Anglo American’s divestment of De Beers will be “substantively complete” by the end of this year: Anglo CEO
Anglo American is working to maximize its value in case a new merger and acquisition (M&A) suitor emerges and expects significant progress this year on the anticipated spin-off of its De Beers diamond business, CEO Duncan Wanblad stated on Monday.
Anglo American’s divestment of De Beers will be “substantively complete” by the end of this year, according to Anglo CEO Duncan Wanblad.
He also said the 136-year-old diamond miner would be “fully set up as a standalone business”, to ensure it didn’t have a negative impact on Anglo’s operations.
Wanblad said the Botswana government was keen to increase its 15 per cent stake in De Beers. Botswana and De Beers announced earlier this week that they had finally reached a long-term agreement on sales of rough diamonds from Debswana, their joint venture.
DiamondBuzz
Richemont and Signet Jewelers Could Join Global Diamond Consortium In Bid For De Beers
Richemont, Signet Would Connect The Consortium To Key Global Growth Vectors Spanning Luxury High Jewelry and Mass-Market Retail.
The Global Diamond Consortium (GDC)
Richemont and Signet Jewelers are reported to be in talks about joining the Global Diamond Consortium (GDC), the preferred bidder for De Beers according to a Bloomberg News report.
GDC was selected in July 2026 as one of Anglo American’s preferred bidders for De Beers as part of Anglo American’s ongoing corporate restructuring.
The potential inclusion of Richemont—owner of luxury Maisons including Cartier and Van Cleef & Arpels—and Signet Jewelers—the world’s largest retailer of diamond jewelry, operating brands such as Kay Jewelers, Zales, and Jared—would connect the consortium to key global growth vectors spanning luxury high jewelry and mass-market retail.
Strengthening the Natural Diamond Ecosystem: Participation by major luxury brands and global retail leaders reinforces commitment across the entire value chain—from responsible mining and manufacturing to consumer engagement.
Balanced Governance Structure: Discussions center on potential minority equity positions that would support long-term category growth while maintaining appropriate separation between ownership and commercial strategy.
Broad Stakeholder Participation: The consortium continues to advance talks with host governments, including discussions with the Government of Botswana regarding a potential increase in its equity share in De Beers from 15% to approximately 25%, alongside participation from private investors and southern African host nations.
Discussions between GDC, Richemont, Signet, and participating government stakeholders remain ongoing. Terms of any potential participation, including the size of equity interests, have not been finalized and remain subject to regulatory approvals and definitive documentation.
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