World's leading diamond producer De Beers’ three owners have agreed to inject one billion dollars into the company via a rights issue to reduce debt.

Sources informed that mining group Anglo American, the Oppenheimer family and the government of Botswana would pump $450 million, $400 million and $150 million respectively into the company.

De Beers said it expected banks to renew its $1.5 billion debt facility, which is due in March 2010. Company is burdened with a net debt of $4 billion.