De Beers

Anglo American to buy Oppenheimers out of De Beers

Global miner Anglo American is set to take control of De Beers, buying out South Africa's Oppenheimer family in a $5.1 billion deal that ends the dynasty's direct links to the diamond business after almost a century.

Diamonds could be the next favourite for investors

Chinese and Indian appetite for diamonds will fuel demand growth of more than 6 percent a year over the next decade.

Prepare for costlier bling: De Beers warns diamond supply to fall from 2020

A dearth of major new diamond finds means that production might not keep up with ever-increasing demand from the United States, China and India, De Beers claimed.<br />

Social media empowers anti-mining activists across the world

Facebook and other social networks are making it easier for anti-mining activists to derail projects...

De Beers' Oppenheimers prove a diamond isn't forever

Africa's second-richest family sold their 40 percent stake in De Beers to Anglo American this month for $5.1 billion in the light of unsteady markets and recession worries.