Shining under the blazing African sun, diamonds have an allure consummate with their high price and beauty. For Anglo American, a Fortune 500 globally diversified miner, the opportunity to get their hands on some more sparkle has proved too much to resist. Last week the mining giant announced that it would acquire the 40 percent of De Beers, a company that mines two-fifths of the world’s diamonds, from the Oppenheimer family for USD5.1 billion. This would take Anglo-American’s stake in De Beers to 85 percent; the rest is owned by the government of Botswana, where the firm rakes in over 60 percent of its profit thanks to Botswana’s four profitable mines.