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Speculation is mounting over the future of De Beers

Luxury goods companies could ultimately end up owning the company. Or it could go to a commodity trading or mining company such as Swiss-based Glencore, which had a 2023 revenue of $218bn.

Anglo had reportedly been seeking a possible buyer before BHP, the world's biggest miner, made its all-share offer last week. It has been speaking in recent weeks to luxury houses and Gulf sovereign-wealth funds, according to the Wall Street Journal. It suggested a partnership between could emerge as the final buyer.

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