Anglo pays $5.2bn to increase its De Beers holding to 85%

This seals a takeover of one of the world's leading diamond companies, Fin24 reports. "Anglo American announces the completion of its acquisition of a 40% shareholding in De Beers from CHL," a company that represents the interests of South Africa's Oppenheimer family, a brief statement said.

De Beers is a global leader in the exploration, mining and marketing of diamonds, founded by colonial-era politician and mining tycoon Cecil Rhodes in 1888. And the Anglo American Corporation was formed by Ernest Oppenheimer in 1917, and by 1920 his Consolidated Diamond Mines had become a force in the mining industry, Fin24 says.

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