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/ 12 February 2008
De Beers, the world’s top diamond producer, said on Monday that 2008 looks to be a ”challenging” year for the industry due to a slowdown in the global economy that could dampen demand for diamonds. But Gareth Penny, De Beers’s managing director, said rough diamond prices are still rising due to lack of new supply.
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/ 8 February 2008
De Beers, the world’s top diamond producer, posted a dip in 2007 diamond sales on Friday, but forecast a rebound this year amid a tight market that was expected to keep prices buoyant. ”We are in an environment where the rough diamond market is strong,” managing director Gareth Penny told a conference call.
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/ 7 February 2008
Diamond giant De Beers spends $100-million a year on exploration activities in the regions where the company expects to have the most impact, and has invested more than this in the past few years to establish a greater presence and activity rate in Angola and the Democratic Republic of Congo, its group MD said on Wednesday.
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/ 7 November 2007
Africa’s efforts to derive greater benefits from its mineral wealth were boosted on Wednesday with the launch of South Africa’s first black-owned diamond-cutting and -polishing facility. Southern Africa accounts for more than 40% of the world’s diamond output with Botswana being the world’s largest producer of the gem.
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/ 15 October 2007
De Beers group managing director Gareth Penny on Monday called on diamond traders in Europe, the United States and Israel to back Africa’s efforts to cut and polish its own gemstones. The head of the South African miner — which controls 40% of the world’s diamond trade –it w said as not altruism to stabilise the diamond business by creating jobs in African democracies.