{
  "id": 501661,
  "title": "LACKING LUSTRE: Coal has been Anglo’s better friend as diamonds nosedive",
  "url": "https://urgent.news/2026/08/10/lacking-lustre-coal-has-been-anglos-better-friend-as-diamonds-nosedive",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-10T21:02:52.000Z",
  "source": {
    "name": "Daily Maverick",
    "slug": "daily-maverick",
    "url": "https://www.dailymaverick.co.za/article/2026-08-10-coal-has-been-anglo-s-better-friend-as-diamonds-nosedive/"
  },
  "original_language": "en",
  "account": "Anglo American faces difficulties in finding a buyer for De Beers, which could be sold at a significant discount. Coal, once considered a toxic asset, has proven to be a valuable commodity for the company, enabling it to sell its steel-making coal operations in Australia to Dhilmar for up to $3.785-billion. Despite the improved coal prices, Anglo received a fair price for the assets, as the market had anticipated a more substantial increase in deal terms. Meanwhile, the natural diamond market continues to struggle, with lab-grown diamonds undercutting prices and consuming consumer demand. Anglo's diamond producer De Beers has seen its sales fall by 32% in the first six months of the year, and the company may need to sell it for as little as $1-billion, down from the $19.7-billion it fetched when it went private in 2001.",
  "summary": "Anglo American is struggling to find a suitor for the legendary De Beers, which may go for a song in a fire sale.",
  "key_points": [
    "Anglo American seeks buyer for De Beers at discount",
    "Coal operations sold to Dhilmar for $3.785-billion",
    "De Beers diamond sales down 32% in first half"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}