Diamond giant De Beers has drawn from at least six consortia, including billionaire Anil Agarwal, Indian diamond firms and Qatari investment funds. De Beers is being carved out of Anglo American as the London-listed miner refocuses on copper and iron ore but the move comes with global diamond prices under pressure, reports Reuters.
Anil Agarwal, chairman of Vedanta Resources, which has mines in Zambia and South Africa, is among the interested parties, as part of a bigger group. Indian companies including KGK Group and Kapu Gems, which dominate the domestic cutting and polishing trade are De Beers’s biggest customers, are reported to have also expressed an interest.