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Diamonds and Anglo American go back more than a century, to the founding of Joburg.  Still, the continued presence of the glassy little rocks in a modern-day Anglo deserves some critical attention, if only because they seem at odds with the group’s newfound purpose to supply metals for decarbonisation.

Copper, nickel and even metallurgical coal have a role in making turbines for renewable energy or in electric vehicles. In contrast, diamonds tap into part of the consumer psyche that seems more on a par with Audrey Hepburn in Roman Holiday, or glamorous air travel — a time so distant from the twin cataclysms of global warming and Covid it’s almost hard to conceive...

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