De Beers in another public spat with AfDiamonds

In a statement to the London Stock Exchange (LSE) where African Diamonds has its primary listing, Chairman John Teeling says De Beers failed to notify it about a transfer of over a million shares which the diamond giant held in African Diamonds.

"The board of African Diamonds has been informed by its registrars that one million shares in an account we believe to be controlled by De Beers have been sold or transferred without the company being notified," says Teeling. "This, if true, breaches Financial Services Authority (FSA) rules."