Richemont and Signet Said In Talks to Join Bidder for De Beers

Luxury giant Richemont and US retailer Signet Jewelers Ltd. are currently in discussions to join a consortium that is positioned favorably to acquire diamond miner De Beers. According to five sources familiar with the matter, these two companies are exploring the possibility of participating in the bid. This potential move would see the luxury group and the jewelry retailer align with a bidder that is currently in a prime position to purchase the mining company.