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De Beers – the world’s leading diamond company

Diamonds

Our Business

When it comes to the shiniest and toughest mineral on earth, our diamond interests are represented by our 85% shareholding in De Beers, the world’s leading diamond company. Together with its joint ventures, De Beers produces around 35% of the world’s rough diamonds by value, and employs 21,910 people worldwide.

De Beers operates right across the diamond value chain, including exploration, production, the selling of rough diamonds, the marketing of polished diamonds, and retail sales through De Beers Diamond Jewellers.

You can find De Beers’ mines in four countries, namely Botswana, Canada, Namibia and South Africa. Here in South Africa, De Beers has a 74% interest in De Beers Consolidated Mines (DBCM), with the remaining 26% held by Ponahalo Holdings, a black economic empowerment consortium.

DBCM’s operations include Venetia, which produces around 70% of De Beers’ South African diamond production and Voorspoed, a source of large and exotic coloured diamonds.

Our Difference

We strive to unlock the full economic value of our leadership position across the diamond pipeline and do it in a safe and sustainable way. To create shared value, we ensure sustainable development across all our activities, which is an important part of what makes our business model work. This helps us to ensure we do no harm to either our employees or our communities, and reduce the negative impact we have on the environment while at the same time contributing to conservation.

To learn more about De Beers’ approach to making a real difference, visit the Sustainability section of its website.

Leadership Team

Phillip Barton

Chief executive, De Beers Consolidated Mines

Phillip Barton was appointed chief executive of De Beers Consolidated Mines (DBCM) in September 2010. He began his career with De Beers in 1988 as internal auditor at the Cullinan Diamond Mine and became senior audit manager, global operations, in 1997.

He has since served as financial manager, group exploration; group manager, internal audit; and finance director for DBCM. He holds a degree in accounting, is a registered associate general accountant and completed his MBA in 2000. He serves on several boards and is a trustee of the De Beers Fund and the Ponahalo De Beers Fund and chairs the Key Employee and Diamond Route Trusts.

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Phillip Barton was appointed chief executive of De Beers Consolidated Mines (DBCM) in September 2010. He began his career with De Beers in 1988 as internal auditor at the Cullinan Diamond Mine and became senior audit manager, global operations, in 1997.

He has since served as financial manager, group exploration; group manager, internal audit; and finance director for DBCM. He holds a degree in accounting, is a registered associate general accountant and completed his MBA in 2000. He serves on several boards and is a trustee of the De Beers Fund and the Ponahalo De Beers Fund and chairs the Key Employee and Diamond Route Trusts.

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
SOUTH AFRICA
DE BEERS CONSOLIDATED MINES

Cnr. Crownwood Road and Diamond Drive,
Theta
Johannesburg

Tel: +27 11 374 7000

For further information, visit www.DeBeersGroup.com

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