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Results for “De Beers”
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DiamondsDe BeersThe diamond miner and marketer founded by Cecil Rhodes in 1888, now owned 85% by Anglo American and 15% by the government of Botswana. After years of weak demand and competition from lab-grown stones, Anglo is running a sale process for the business. It remains the world's leading diamond producer by value through its southern African joint ventures.
DiamondsDebswanaA 50:50 joint venture between the government of Botswana and De Beers, formed in 1969, and the world's leading diamond producer by value. Diamonds account for roughly a third of Botswana's fiscal revenue, so Debswana's output decisions carry national economic weight.DiamondsNamdebNamibian diamond mining company reformed in 1994 as an equal 50:50 joint venture between the Namibian government and De Beers. It mines onshore and near-shore deposits along the Atlantic coast around Oranjemund.