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Anglo American is selling its 85% stake in De Beers, with Botswana Diamonds MD James Campbell identifying a consortium led by former CEO Gareth Penny as the preferred buyer due to its industry expertise and financial capability. The diamond market has seen a significant decline in value, dropping from $12 billion to $3-$4 billion, prompting Botswana Diamonds to pivot towards copper exploration amid funding challenges. Campbell stresses the importance of strong leadership to rejuvenate the struggling diamond sector.