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Richemont turns lower after report on De Beers talks

BUZZ-Richemont turns lower after report on De Beers talks

** Shares in Richemont CFR.S turn briefly lower after a media report that the Swiss luxury group was in talks to join a bidder to buy diamond miner De Beers

** Bloomberg News reported, citing five people familiar with the matter, that Richemont and US retailer Signet Jewelers SIG.N are in talks to join a consortium to buy De Beers

** Richemont did not immediately respond to request for comment

** Stock down as much 1.1%; up 0.3% as of 0914 GMT


(Reporting by Orest Dovhan)

((Orest.Dovhan@thomsonreuters.com))

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