Diamonds

Save E-mail Print Most Popular RSS Reprints

De Beers reports on progress in Africa

June 16, 2008

Similar Stories | Topics

Washington, D.C.—The De Beers Family of Companies recently updated the world on the progress in Africa and the role De Beers plays in the continent's sustainable development.

In both a speech by De Beers Group Managing Director Gareth Penny and in its 2007 Report to Society, De Beers shared facts, statistics and philosophies on how Africa's natural resources are being translated into shared national wealth.

In addressing the Council on Foreign Relations in Washington, D.C., last week, Penny highlighted eight insights De Beers has gained from operating in Africa. These include: help small companies develop by outsourcing the supply chain, commit to building a citizen-run operation and support international efforts to eliminate corruption and support good governance.

In his address, Penny said that while the challenges of operating in Africa are considerable, "There's another side to the story—one we call 'Africa working'—where Africans are not only lifting themselves out of poverty, but collectively lifting their nations to new levels of sustainable prosperity."

In addition, in its Report to Society released last week, De Beers stated that:

—Payments to partners, joint ventures and suppliers amounted to $4.9 billion.
—100 percent of De Beers diamonds are conflict-free.
—The lost-time injury frequency rate improved, as did the lost-time injury severity rate.
—De Beers spent $19 million on social investment, which was disbursed to more than 750 projects.
—More than 185,000 hectares (one hectare is equal to about 2.8 acres) of owned and managed property has been set aside as nature reserves where biodiversity research is conducted.
Save E-mail Print Most Popular RSS Reprints
Post a Comment
* Required field
* Author:
* Comment:
 

Diamonds

Industry calling for swift action on Zimbabwe

Jewelers of America is calling on the Kimberley Process to fully and quickly implement a work plan to address the serious concerns surrounding Zimbabwe's non-compliance with the Kimberley Process Certification Scheme, the system designed to keep conflict diamonds out of the international trade, and the reported human rights abuses in the Marange diamond fields. Read More

Sotheby's reports record-breaking sales in Geneva
Diamond symposium focuses on 'new normal'
More Diamonds

More Like This

De Beers taking 'serious look' at diamonds as investment
May 19, 2009 | National Jeweler Network
De Beers' production down 90 percent in 1Q
May 01, 2009 | National Jeweler Network
De Beers cites market improvement
April 21, 2009 | National Jeweler Network
De Beers notes improvement in diamond production
April 16, 2009 | National Jeweler Network
De Beers axes 25 percent of U.K. staff
April 07, 2009 | National Jeweler Network

advertisement

Video

Small multi video player located on right rail of NJN site

advertisement

Retailer Toolbar

America's Best Jewelers
Join the ONLY Social Network for Jewelry Retailers. Get access to expert content, peer best practices, and more.
Start networking today.
Newsletters
Newsletters
Topic-specific newsletters that deliver the latest news on jewelry, diamonds, wholesale operations and high-volume buying directly to your in-box.
Reader Connect
ReaderConnect
Supplier information presented with every article, bringing you related, actionable content on every topic.
Jewelry Yellow Pages
Yellow Pages
A comprehensive listing of associations, organizations, suppliers and services for the jewelry industry.
Classifieds
Classifieds
A comprehensive listing of job postings, product offerings and other materials for sale for the jewelry industry.
NJN Customer Connect
CustomerConnect
The most sophisticated suite of marketing services available for jewelry retailers, from Internet tools to data marketing.

advertisement