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Diamonds May Be Forever, But Not DeBeers
Feb. 10, 2011 10:30AM PST
Gem InvestingThe Australian’s John Arlidge wrote that times are tough for diamonds and the people who dig them. The editorial states: De Beers has been so hard hit by the recession that it almost went bust. The Oppenheimers have had to come up with £370 million personally to save the family firm, as part of a £620m […]
The Australian’s John Arlidge wrote that times are tough for diamonds and the people who dig them.
The editorial states:
De Beers has been so hard hit by the recession that it almost went bust. The Oppenheimers have had to come up with £370 million personally to save the family firm, as part of a £620m rights issue. In recent months, Anglo American, the mining giant, has begun weighing up a plan to take control of the company, buying out the Oppenheimers.
To read the full editorial, click here.