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Insiders say Anglo American is hoping to get £4bn for De Beers, whose diamonds are worn by celebrities including Rita Ora (pictured).

Anglo American (OTCQX:AAUKF) plans to sell some of its legacy assets, notably its diamond business, De Beers, South Africa-based Anglo American Platinum, and steelmaking coal assets.

UK mining company reveals breakup plan in bid to avoid takeover by Australia-based BHP

Mining giant Anglo American plans to spin off its diamonds arm De Beers, as part of its defences against at $43billion takeover bid from rival BHP.

Anglo American shares fell over 3% early Tuesday after it announced plans to spin off its highly prized De Beers diamond business.

The announcement comes after Anglo American rejected a £34bn takeover bid from rival BHP.

“The price difference between natural and lab-grown diamonds at retail is growing fast, accelerating consumer awareness that they are fundamentally very different products.”

Cardiff Rugby have certainly had their money’s worth out of Tinus De Beer since he arrived from South Africa last summer.

Sunday marks the 162nd anniversary of Cinco de Mayo. While it’s a relatively minor holiday in Mexico, the annual fiesta is an excuse in the United States to indulge in margaritas, cervezas (beer), guacamole and tacos.

Modelo Especial, brewed in Mexico, is the top-selling beer in the United States following years of growth and in the wake of the Bud Light Dylan Mulvaney disaster.

For years, Dorchester Brewing staff has played favorites with a Mexican style lager that until now has been a taproom exclusive. The brewery staff loves the beer, and so it was only right to help it find a wider audience.

The diamond mining giant is moving its auction business headquarters to Botswana.

Anglo American is considering a sale of its De Beers diamond unit, according to people familiar with the matter.

De Beers - famous for coining the phrase 'A Diamond is Forever' in the 1960s - will now aim to produce 26m to 29m carats this year.

The average retail price per carats gained 23% annually in the first quarter to $201

Anglo American unit’s output down 23% as luxury pullback and emergence of lab-grown gems take toll