Key facts
- A consortium led by Gareth Penny is the frontrunner to acquire the world's largest diamond miner.
- Penny is the former CEO of De Beers.
- The Iran war has deterred other potential bidders.
A consortium led by Gareth Penny, who previously served as the chief executive of De Beers, is reportedly the leading candidate to purchase the world's largest diamond mining company. The ongoing conflict involving Iran has reportedly created obstacles for other potential bidders, positioning Penny's group favorably in the acquisition race.