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De Beers ditches Kimberley diamonds

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Rough diamonds and diamond sorting  or grading at the Harry Oppenheimer House in Kimberley, South Africa.
Rough diamonds and diamond sorting or grading at the Harry Oppenheimer House in Kimberley, South Africa.
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With a stroke of the pen in the late evening of 30 November, DBCM CEO, Phillip Barton, brought an end to more than a century of diamond mining in Kimberley.

DBCM, the diamond group’s SA subsidiary, will still operate the museum near the Big Hole – the asteroid-sized crater dug by thousands of miners from as early as 1871 – as well as De Beers Sightholder Sales, a company from which local firms buy and cut diamonds.

But Kimberley Mines, including its tailings dams, have been sold, reportedly at R102m.

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