De Beers Hired Leak Hunter to Probe Gem Data Breach
- Miner is said to hire KMPG in South Africa to find leak source
- De Beers’s diamond price data is a closely guarded secret
An employee uses magnifiers and tweezers to grade a pile of rough diamonds at the Namibian Diamond Trading Co. (NTDC) diamond processing and valuation center, a joint venture between De Beers Group and Namdeb Diamond Corp. operated by Anglo American Plc, in Windhoek, Namibia, on Wednesday, June 14, 2017. XXX ADD SECOND SENTENCE HERE XXX.
Photographer: Simon Dawson/BloombergThe world’s biggest diamond producer hired an external investigator to find the source of possible leaks of its most sensitive price data, according to people familiar with the matter.
De Beers hired investigators from KPMG International in South Africa to find the source of the leaks, according to the people, who asked not to be identified because the matter is private. The company suspected at least one employee sold pricing information to customers before the diamonds were offered for purchase, the people said.