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Anglo American in talks to sell De Beers for about $1 billion
By Thomas Biesheuvel, Antony Sguazzin, and William Clowes
Bloomberg News
Wednesday, July 29, 2026
Anglo American Plc is discussing a deal worth about $1 billion to sell its De Beers diamond business, just a fraction of what the one-time diamond monopoly was once worth.
Anglo has been looking to sell De Beers since it fended off an almost $50 billion approach from BHP Group in early 2024, yet its disposal process has been stymied by a crisis in the diamond market.
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Anglo has so far taken three impairments on De Beers in just three years, lowering its carrying value for the unit to $2.3 billion in February.
Earlier this month it picked a consortium led by former De Beers Chief Executive Officer Gareth Penny as the preferred bidder. ...
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