SUBSCRIBERS

De Beers reveals more facets of its business

Openness aimed at drawing investors to owner Anglo American

Published Tue, Nov 4, 2014 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    London

    DE Beers, the diamond producer that's made secrecy a cornerstone of its business for more than 120 years, is pulling back the curtain to help bring more lustre to its owner Anglo American plc.

    Anglo, a London-based miner of copper, coal and iron ore, hosted a 90-minute presentation for investors and analysts on Monday that revealed information De Beers has never made public before: where its best diamonds come from and how much they fetch per carat, for example.

    Copyright SPH Media. All rights reserved.