skip to main content
 

Southern Africa Site visit - November 2016

Diamonds

De Beers – the world’s leading diamond company

Our business

Anglo American owns 85% of De Beers, the world’s leading diamond company. The remaining 15% of De Beers is owned by the Government of the Republic of Botswana (GRB). Through De Beers and its partners we produce about a third of the world’s rough diamonds by value, employing more than 20,000 people around the world.

We sell rough diamonds to world-leading diamantaires through our Sightholder sales and auction sales operations.

We market polished diamonds through our Forevermark brand and sell finished pieces through De Beers Diamond Jewellers, while we design, develop and produce industrial diamond supermaterials through our Element Six business.

Diamonds
Our business

Our diamond mines are located in four countries: Botswana, Canada, Namibia and South Africa.

In Botswana, we work in partnership with the GRB through our 50:50 mining joint venture, Debswana, with operations including Jwaneng, one of the world’s richest diamond mines.

In Canada, De Beers has operations at Victor in Northern Ontario and a 51% interest in the Gahcho Kué project, also in the Northwest Territories.

In Namibia, De Beers operates in partnership with the Government of the Republic of Namibia through Namdeb onshore and offshore through Debmarine Namibia.

In South Africa, De Beers’ mining takes place through De Beers Consolidated Mines (DBCM) in which our partner, Ponahalo Holdings, has a 26% shareholding. The majority of our South African production comes from Venetia mine.

leadership

Bruce Cleaver

CEO of De Beers

BSc, CEO of De Beers since July 2016, .

17/05/1965

Bruce is a member of the Group Management Committee (GMC).

Bruce has served as Group Director – Strategy and Business Development at Anglo American, as well as Executive Head of Strategy and Corporate Affairs for De Beers, joining the latter company in 2005.

He holds a BSc in applied maths and an LLB from the University of Cape Town, as well as an LLM from Cambridge. Before joining De Beers, he was a partner at Webber Wentzel, Africa's largest law firm, specialising in commercial matters, where he won several awards.

Read more

BSc, CEO of De Beers since July 2016, .

17/05/1965

Bruce is a member of the Group Management Committee (GMC).

Bruce has served as Group Director – Strategy and Business Development at Anglo American, as well as Executive Head of Strategy and Corporate Affairs for De Beers, joining the latter company in 2005.

He holds a BSc in applied maths and an LLB from the University of Cape Town, as well as an LLM from Cambridge. Before joining De Beers, he was a partner at Webber Wentzel, Africa's largest law firm, specialising in commercial matters, where he won several awards.

Highlighted assets
Jwaneng

Jwaneng

The name means place of small stones but Jwaneng is one of the world’s richest diamond mines and generates up to 70% of De Beers’ revenue in Botswana. We are in the process of implementing ‘Cut-8’ at Jwaneng, through which we will extend the life of mine to at least 2033.

Venetia

Venetia

This mine, located in Limpopo, is South Africa’s largest producer of diamonds.We are currently developing an underground mine beneath the existing open pit to extend the life of Venetia to beyond 2040.

Snap Lake

mv Mafuta mining vessel

The mv Mafuta, one of five ships in the Debmarine Namibia fleet, operates a remotely controlled, 260-tonne, track-mounted ‘crawler’ that sucks up the gravel from the sea floor and pumps it up to the ship. It is expected to produce around 9 million carats in its 30-year lifetime.

USES OF DIAMONDS

Diamonds are the ultimate precious stone for jewellery and this is reflected in De Beers’ famous slogan: "A diamond is forever".

Retail jewellery drives the market for gem diamonds. The size, colour, shape and clarity of each stone determine its value. The largest diamond jewellery market is the US, with China and India growing strongly.

Meanwhile, synthetic diamonds have become essential for a whole range of industrial and hi-tech uses. These include surgical instruments, precision cutting, optical lenses and safety windows.

Contacts
DE BEERS UK LIMITED

17 Charterhouse Street
London, EC1N 6RA
UK
Tel: +44 (0) 20 7404 4444

For further information, visit www.DeBeersGroup.com

loading...
Real Mining. Real People. Real Difference.