De Beers weighs diamond ETF

DE BEERS will reach stable production next year and begin repaying shareholder loans while it considers approaches from financial institutions to set up an investment instrument using diamonds, says Gareth Penny, outgoing MD of the world's largest diamond producer.

Penny announced in July that he would be resigning from his post after a tenure covering some five years and a period of consolidation in the diamond firm's operations.

Penny says De Beers has been inundated by requests from financial institutions to become involved in a fund that will give investors a chance to invest directly in diamonds.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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