News24 | Former De Beers CEO said to lead race for diamond giant (opens original article in a new tab)

A consortium led by former De Beers CEO Gareth Penny is in the lead to acquire the diamond giant as Anglo American restructures its portfolio amid industry challenges and geopolitical conflicts.

• A consortium led by former De Beers CEO Gareth Penny is leading the race to buy the diamond giant
• Anglo American is selling De Beers as part of a restructuring plan amid challenges from geopolitical conflicts and industry downturns
• Botswana's potential majority control of De Beers remains a key obstacle for private bidders
• The diamond industry faces its deepest downturn with post-pandemic slump and rising synthetic stone popularity