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De Beers commits billion pula upfront to diamonds-for-development in Botswana
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De Beers, Botswana agree in principle on sales, mining licences
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De Beers commits billion pula upfront to diamonds-for-development in Botswana
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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”.
Diamond group De Beers officially opened its new South African rough diamond sorting, valuation and sales facility on May 19. Located in Kempton Park, the Sightholder Sales South Africa facility comprises two floors and houses sightholder offices, hand and machine sorting areas, a training academy and a diamond cleaning plant. In January, De Beers announced plans to relocate its sightholder sales activities in South Africa from Kimberley, where it has been operating since 1974, to Gauteng.