Overview
We own 45% of De Beers, the world's leading diamond business. De Beers has expertise in exploration, mining and marketing of diamonds.
De Beers is prospecting for diamonds close to its Snap Lake mine
With its joint venture partners operates in more than 20 countries across five continents, De Beers produces around 40% of the world’s rough diamonds by value from its mines in Botswana, Canada, Namibia and South Africa.
The other shareholders in De Beers are Central Holdings Ltd (an Oppenheimer family owned company), which owns 40%, and the Government of the Republic of Botswana (GRB) with 15%.
De Beers holds a 50% interest in Debswana Diamond Company and in Namdeb Diamond Corporation, owned jointly with the GRB and the Government of the Republic of Namibia (GRN) respectively, and a 70% shareholding in De Beers Marine Namibia.
In addition, De Beers has a 74% shareholding in South African-based De Beers Consolidated Mines Limited, with the Ponahalo group, a broad-based black economic empowerment consortium, holding the balance.
The Diamond Trading Company
De Beers owns 100% of The Diamond Trading Company (DTC), the sales and rough diamonds distribution arm of De Beers. It also has a 50% interest with the GRB in Diamond Trading Company Botswana and a 50% ownership, along with the GRN’s matching shareholding, in Namibia Diamond Trading Company.
De Beers and Moët Hennessy Louis Vuitton
De Beers and Moët Hennessy Louis Vuitton have established a high-end retail jewellery joint venture, through De Beers Diamond Jewellers, with stores in the most fashionable areas of some of the world’s great cities, including New York, Los Angeles, London, Paris, Tokyo and Dubai.
Element Six
De Beers, through Element Six, is the world’s leading supplier of industrial diamond super materials. Industrial diamonds are used for cutting, grinding, polishing, wire making and other technical and scientific uses. Element Six operates internationally, with 10 manufacturing sites worldwide and a comprehensive global sales network. Element Six is the leading player in the markets in which it operates.
