Anglo American announced it will divest its De Beers diamond holdings. De Beers CEO Al Cook looks forward to guiding the company in the evolving diamond jewelry market.
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.
“The price difference between natural and lab-grown diamonds at retail is growing fast, accelerating consumer awareness that they are fundamentally very different products.”
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.