ANGLO American’s auction of its storied diamond division De Beers has turned out to be a bit of a dog show, with many of the potential bidders apparently dropping out amid continuously declining rough diamond prices. This now includes former De Beers CEO Bruce Cleaver, who had been leading one of the bidding consortiums. He tells Currency he has reluctantly decided to withdraw because neither he nor his financial backers could justify the economics in the current market. “I think that with the state of the business and the state of the diamond market it felt like it was difficult to see an appropriate return on ... (full story)