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diamonds

November 4, 2011

The Oppenheimer family is relinquishing control of De Beers, as it has agreed to sell its 40% stake in the world’s largest diamond company to mining group Anglo American.

The Oppenheimer family is relinquishing control of De Beers, as it has agreed to sell its 40% stake in the world’s largest diamond company to mining group Anglo American.

The UK-based miner, which is listed in both London and Johannesburg, will pay $5.1 billion (€3.7 billion) to the Oppenheimer family to increase its stake in De Beers to between 75% to 85%, from 45% currently. The exact figure will depend on whether the government of Botswana exercises an option to increase its own 15% stake.

June 1, 2003

The South African economy is growing despite difficult global conditions. Business owners are confident to own their own business, and optimism and expectations are high

Tony Balshaw is National Partner-in-Charge, PRIMA Family Controlled Companies consulting division, Grant Thornton South Africa.

The South African economy is growing despite difficult global conditions. Business owners are confident to own their own business, and optimism and expectations are high

February 1, 2002

The survival, integrity and growth instincts of family firms have helped the Indian diamond polishing industry expand into a major industry dominated by family-owned and managed firms

The diamond cutting and polishing industry presents a remarkable case in the field of family business in India. It provides an interesting landscape to view and investigate, as its distinguishing characteristics include unique features and approaches to management practised by the family firms that dominate the scene.

Indian industrial scene

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