News

Advanced Search

De Beers to Invest in Diamond Start-Ups

Jun 22, 2017 10:57 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
De Beers is launching an initiative to consider buying minority stakes in start-ups and rapidly growing companies, the diamond producer announced Thursday.

The operation, De Beers Ventures, will look into making small equity investments in areas such as consumer brands, marketing platforms, security, cutting and polishing, and imaging technologies, the miner said.

“Not all good ideas can be generated or executed by a large corporation,” said Tom Montgomery, senior vice president of strategic initiatives at De Beers. “We believe that harnessing the energy of entrepreneurs to pursue strategic opportunities that benefit De Beers and the diamond industry can be a cost-effective, risk-reduced way to pursue innovation.”
Tags: De Beers, finance, investment, Rapaport News, start-ups
Similar Articles
ABN Amro branch Capelle aan den IJsselABN Amro Restricts Rough-Sector Lending
Jul 15, 2019
ABN Amro has scaled back its financing of rough-diamond purchases, citing a lack of profitability in the manufacturing
Gateway of IndiaIndia Cracks Down on Rough Shipments
May 26, 2019
India’s diamond trade is in a fight with authorities over stricter customs enforcement for rough that could
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2019 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.