DeBeers sold its mines to Petra, and DeBeer’s contract model of doing business is less volatile than Petra’s selling through tenders.
The future of the benefication industry in South African, says Kaplan, may mean more consolidation and fewer players. “The diamonds will be in fewer local hands.”
Read More: jewishbusinessnews.com/2014/09/15/fewer-diamonds-stay-in-south-africa-for-cutting-and-polishing