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Ajay Bagga @Ajay_Bagga on x 264.9K followers
Created: 2025-07-23 00:52:13 UTC
De Beers, the storied diamond company founded by Cecil Rhodes, has been put up for sale by its owner, London-listed Anglo American. Anglo American values the unit at $4.9bn in its accounts — but falling sales mean it could fetch far less. First-round bids from potential buyers are due next month. Last year, De Beers’ revenues were just half of what they were in 2022. Other miners such as Alrosa, Rio Tinto and Petra Diamonds have seen similar declines in their diamond businesses.
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