Richemont Weighs Bid for De Beers
Richemont is in talks to join a consortium bidding for diamond miner De Beers. The Cartier owner aims to secure its supply chain amid rising demand for natural stones.
Xurve View
Insights:
Xurve View
CIE FINANCIERE RICHEMONT-A REG is in talks to join a consortium bidding for diamond miner De Beers, valued at about $1B. The move by the Cartier owner comes as the luxury sector navigates a prolonged downturn and rising competition from lab-grown stones. Securing a stake would give the Switzerland-based group direct influence over its diamond supply chain.