Cartier-Owner Richemont in Talks to Join Bid for Diamond Giant De Beers, Source Says

Luxury Conglomerate Richemont May Be Joining a Bid to Buy De Beers: Report

Richemont and retailer Signet are reportedly in talks to join a bid to buy De Deers, with the Cartier owner showing strength in the jewelry sector.

Billionaire Johann Rupert’s Richemont weighs De Beers stake as 138-year-old diamond giant searches for a new owner at $1 billion

South African billionaire Johann Rupert’s luxury group Richemont is in talks to join a consortium bidding for De Beers, the diamond miner being sold by Anglo American for an estimated $1 billion.

Cartier owner Richemont joins group in hunt to buy De Beers

Luxury giant in talks to join consortium which is planning to buy diamond miner

The Diamond Industry Is in Trouble, and Richemont, Signet May Help Save It

RBC Capital Markets described Richemont’s reported move to join the consortium buying De Beers as “strategically meaningful,” while Jefferies called it “sound.”

Richemont and Signet Consider Participating in Bid for De Beers

Richemont and Signet are in negotiations with Global Diamond Consortium (GDC) over joining the leading bidder for De Beers, according to media reports. However, there’s no guarantee the luxury group and the US jewelry retailer will take part in the effort to purchase the miner from Anglo American, five people familiar with the matter told Bloomberg Thursday. The companies’ backing could boost the natural-diamond sector as it slowly recovers from…

Cartier owner Richemont in talks to join diamond giant De Beers bid

De Beers is most famous for coining the iconic 'A Diamond is Forever' advertising slogan in 1947 and building the world's dominant diamond cartel. Demand for its gems have slumped in recent years.