De Beers’ fate hangs in the balance after BHP bid for its owner Anglo American

De Beers’ fate hangs in the balance after BHP bid for its owner Anglo American

A diamond is forever. But perhaps not for De Beers’ owner Anglo American.
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In the realm of luxury and legacy, De Beers stands as an iconic symbol, synonymous with the allure of diamonds. Yet, amidst shifting tides in the market, its future hangs in the balance. As mining behemoth BHP Group Ltd eyes a $39 billion bid, De Beers' owner, Anglo American Plc, contemplates parting with its storied gem. With rough diamond prices in flux and lab-grown alternatives reshaping the landscape, the saga of De Beers unfolds, balancing tradition against innovation in a bid to remain timeless.

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By Andrea Felsted

A diamond is forever. But perhaps not for De Beers' owner Anglo American Plc.

___STEADY_PAYWALL___

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