business
De Beers sale process advances amid weak diamond market
De Beers remains on track for sale as parent company Anglo American continues to streamline the diamond business and cut costs in response to challenging global diamond market conditions.
Windhoek Observer31 Jul 2026, 04:27 am
CHAMWE KAIRA
De Beers remains on track for sale as parent company Anglo American continues to streamline the diamond business and cut costs in response to challenging global diamond market conditions.
Anglo American chief executive officer Duncan Wanblad said the company is advancing the sale process for De Beers while implementing measures to improve its cost performance and reduce capital expenditure to lessen the impact of weak diamond demand.
Originally published by Windhoek Observer on 31 Jul 2026, 04:27 am. View original article