De Beers is considering an IPO

Mining giant Anglo American is weighing whether to proceed with an Initial Public Offering (IPO) of diamond company De Beers or sell the company, amidst the ongoing weak demand for natural diamonds, according to a report by IDEX Online.

A spokesman for De Beers stated that both options are “very much on the table,” as reported by the UK’s Mail on Sunday.

Anglo American’s CEO, Duncan Wanblad, previously indicated that the company is open to the possibility of selling, merging, or taking De Beers public. In May, Anglo revealed its plans to prioritize copper and other more lucrative commodities, following a takeover bid by BHP.

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