De Beers becomes sole owner of jewellery brand, buys out retail partner LVMH

Cecilia Jamasmie | March 23, 2017 | 3:47 am Top Companies Africa Canada Europe Diamond 

De Beers, the world’s No.1 diamond miner by value, has acquired the 50% interest French luxury goods group LVMH had in De Beers Diamond Jewellers for an undisclosed amount. With the transaction, the Anglo American’ unit has become the sole owner...

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