The De Beers Group
The most famous diamond miner in the world, the De Beers Group was established in 1888. It is the world’s leading diamond company with ast experience in exploration, mining and marketing of diamonds. Together with its manyjoint venture partners, De Beers employs about 16,000 people at its operations across the globe.
De Beers also aims to help the communities near its diamond mining operations to live and work in a sustainable way. In the countries in which De Beers has mining operations, it also helps governments achieve their aspirations of turning natural resources into shared national wealth. De Beers encourages sustainable working to ensure long-term positive development for Africa, and returns more than $3 billion to the continent every year.
De Beers has two shareholders: Anglo American (85%) and the Government of the Republic of Botswana (15%).
The De Beers Family of Companies, made up of wholly owned subsidiaries, partnerships and investments, is involved in most of the diamond value chain including:
•Exploration on four continents
•Mining in Botswana, Canada, Namibia and South Africa
•Sorting, valuation and sale of rough diamonds to Sightholders
•Marketing and sale of polished diamonds and diamond jewellery to consumer markets, and
•Development of synthetic supermaterials for industrial applications
De Beers Société Anonyme, formally incorporated in Luxembourg in November 2000, is the holding company of the De Beers Group.
It is managed and controlled from its head office in Luxembourg where its Board meets. Its commercial activities are carried out by a number of subsidiaries, investments and joint ventures around the world.
Our sales operations are carried out by the worldwide Diamond Trading Companies and Diamdel.
The Diamond Trading Company, the rough diamond distribution arm of De Beers, includes operations at the DTC in London and the DTC South Africa in Kimberley, as well as the DTC Botswana in Gaborone and the Namibia DTC in Windhoek, with both of the latter being 50/50 joint partnerships with those respective governments.
Diamdel operates online auctions of rough diamonds, and has sales offices in Antwerp, Tel Aviv, Hong Kong and Dubai.
Together with its joint venture partners, De Beers mines for diamonds across Botswana, Namibia, South Africa and Canada.
Click below to see De Beers' latest Operating and Financial Review: