Anglo American, majority owner of the De Beers Group, has confirmed that the proposed sale of its 85% stake in the world’s largest diamond producer could be finalised within six months.
Speaking to media, Anglo American CEO Duncan Wanblad said the company’s “commitment to exit De Beers is unwavering,” adding that both trade sale and public listing options are being pursued in parallel.
“We have narrowed the process to a smaller group of absolutely credible players — those with deep industry knowledge and the ability to run a business like De Beers,” Wanblad stated. “Given the scale of the company, it’s reasonable to expect consortium-led bids.”
The update follows De Beers’ latest financial report showing a 13% decline in rough diamond sales over the past six months. The Botswana government, which already owns 15% of De Beers, has publicly indicated interest in acquiring a controlling stake.
De Beers, founded in 1888, remains a cornerstone of the global diamond industry, but faces mounting challenges from shifting consumer trends, market volatility, and competition from lab-grown diamonds.