Gareth Penny
latest news & developmentsDe Beers sees ‘challenging’ 2008 for diamond sector
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…
De Beers diamond sales dip, sees stronger 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…
De Beers spends $100m a year on exploration
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…
New local diamond facility launched
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…
De Beers backs Africa on diamond cutting
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…