Signet in talks to join consortium for De Beers, source says; shares rise
15/10/2026 15:24
BUZZ-Signet in talks to join consortium for De Beers, source says; shares rise ** Signet Jewelers SIG.N shares gain as much as 4.1% to $112.36, their highest since 2016
** The US retailer in talks to join consortium bidding for De Beers - source
** Cartier-owner Richemont CFR.S also in talks to join bid; diamond miner, being sold by Anglo American AAL.L, valued at ~$1 billion - person familiar with the matter
** Negotiations advanced but no guarantee Richemont will join consortium - Bloomberg News, which reported the news first
** Signet, Richemont did not immediately reply to request for comment
** As of last close, SIG up ~30% YTD
(Reporting by Sanskriti Shekhar in Bengaluru)