LACKING LUSTRE: Coal has been Anglo’s better friend as diamonds nosedive

Anglo American is facing difficulties in finding a buyer for its diamond business, De Beers, as the diamond market experiences a significant downturn. The situation has led to concerns that the legendary gem producer may be sold at a heavily discounted price in a fire sale.

In contrast to the struggling diamond sector, coal has performed better as an asset for Anglo American. The divergence in performance between the two commodities highlights the current challenges the company faces in restructuring its portfolio.