State, De Beers to Buy 10 Percent of Country Diamonds

14 08 2010

Cape Town — The State Diamond Trader and diamond mining giant De Beers, on Monday signed a deal to allow the new trader to acquire 10 percent of all diamonds mined in South Africa.

In what Minerals and Energy Minister Buyelwa Sonjica described as “a big leap towards transformation” these diamonds would be sold on to emerging crafts-people in the diamond industry.




One response

15 08 2010

%d bloggers like this: