Mining group Anglo American has retained De Beers as a prize asset after a radical overhaul in the belief that surging Chinese and Indian demand for diamonds will outstrip dwindling supply even after a 2015 crunch.
The group, in which Anglo American has an 85% stake, has seen its market share fall from over 80% in the 1980s to about a third now, losing it control of supply and unleashing price volatility.
