De Beers Commits To Investing Billions In Botswana, South Africa And Canada

De Beers media relations head Lynette Gould  has outlined De Beers' vision for its diamond mining activities, Diamond Intelligence reports.

Pointing to a 3% growth in global demand for diamond jewelry in 2014 to $81 billion, Gould said: "De Beers is committing billions of dollars over the coming years to a number of investment projects. Leading the charge are its three flagship projects: in Botswana and South Africa, where De Beers is extending two of its current mines, and in Canada, where it is developing a new mine”.

Alongside these major projects aimed at securing diamond supply, Gould also mentioned De Beers' investment in technology, particularly devices focused on identifying synthetics and simulants.

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