Industry News by Nemesis

De Beers to Invest in Diamond Start-Ups

June 24, 2017

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.”

 

Source: Rapaport

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