Tuesday, July 16, 2019

What a $10 Billion Investment Will Get You Over 5 Years

De Beers Group, based in London, specializes in diamond exploration, mining, retail, trading and industrial diamond manufacturing, has embarked on a $10 billion five-year global market and mine expansion drive, which includes but is not limited to inorganic and organic activities, technology upgradation, adding more mining ships to its existing five such vessels plus expanding existing key markets, including China, India, the U.S. and Japan.

“We are investing $10 billion towards various global expansion activities planned for the next five years," says Stephen Lussier, executive vice-president — marketing, De Beers Group and also chairman of Forevermark, the group’s diamond brand.

Ambitious goals for sure.

Mr. Lussier goes on to say, “We are significantly expanding our existing presence all over the world, including in India at least by 10%. Forevermark brought in $750 million to our group revenue of $6 billion last year and we want to grow this to over $1 billion by 2020."

Read more about De Beers global expansion plans.

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