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Like a diamond itself, diamond investment in South Africa is having a ‘forever’ tag pinned on its back as the world’s largest diamond company by value speaks glowingly of its $2-billion investment that is turning South Africa’s Limpopo province into one that hosts the world’s most advanced underground diamond mine, and how Gauteng province is progressively laying on sparkling local beneficiation consolidation in the promising Gauteng Industrial Development Zone. De Beers has been investing in South Africa since 1888 and Al Cook, the upbeat new CEO of the De Beers Group, stated unequivocally from the podium during the grand opening of the company’s latest diamond investment that the 135-year-old De Beers is not only honoured to still be “actively” investing in the future of South Africa, but that it is also doing so “confidently”.
De Beers Sightholder Sales South Africa (DBSSSA) officially unveiled its new rough diamond sorting, valuation and sales facility in Johannesburg today at an event attended by the Minister of Mineral Resources and Energy, Gwede Mantashe, Gauteng MEC of Economic Development, Tasneem Motara, and De Beers Group CEO, Al Cook. De Beers Group announced in January 2023 that it was relocating its Sightholder Sales activities in South Africa from Kimberley, where it has been operating since 1974, to Johannesburg following a review of its sorting activities in South Africa. The relocation supports the government’s strategy to consolidate the country’s mineral beneficiation sector into one area at the Gauteng Industrial Development Zone, close to the OR Tambo International Airport.
Like a diamond itself, diamond investment in South Africa is having a ‘forever’ tag pinned on its back as the world’s largest diamond company by value speaks glowingly of its $2-billion investment that is turning South Africa’s Limpopo province into one that hosts the world’s most advanced underground diamond mine, and how Gauteng province is progressively laying on sparkling local beneficiation consolidation in the promising Gauteng Industrial Development Zone. De Beers has been investing in South Africa since 1888 and Al Cook, the upbeat new CEO of the De Beers Group, stated unequivocally from the podium during the grand opening of the company’s latest diamond investment that the 135-year-old De Beers is not only honoured to still be “actively” investing in the future of South Africa, but that it is also doing so “confidently”.