Market Chatter: Signet Jewelers, Richemont in Talks to Join Consortium Eyeing De Beers

MT newswire2026/10/15 09:49

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05:49 AM EDT, 10/15/2026 (MT Newswires) -- Signet Jewelers (SIG) and Richemont are in talks to join a consortium that's likely to acquire diamond major De Beers, Bloomberg News reported Thursday, citing people familiar with the matter. Signet and Richemont are in discussions with Global Diamond Consortium about joining the bidding group, the unnamed sources told the news outlet. GDC is preparing to potentially acquire De Beers from Anglo American, according to the report. Signet, Richemont, and GDC didn't immediately respond to MT Newswires' requests for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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