Richemont , the owner of high-end jewellery brand Cartier, is in talks to join a consortium bidding for diamond miner De Beers, which has been put up for sale by controlling shareholder Anglo American and is valued at about $1 billion, a person familiar with the matter said on Thursday. A deal would give the Swiss luxury goods group greater influence over a core element of its supply chain as natural diamond player De Beers grapples with the rapid ascent of cheaper lab-grown gems. Richemont, which is cash-rich and also owns luxury jeweller Van Cleef & Arpels, is discussing joining the Global Diamond Consortium, a group led by former De Beers CEO Gareth Penny that is vying for Anglo American's 85% stake in the world's most famous diamond miner, the person told Reuters, confirming a Bloomberg News report. Swiss-listed Richemont, worth around $113 billion, did not respond to requests for comment. Anglo American declined to comment. Filings show Richemont had around €9 billion ($10.09 bi...
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