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De Beers

De Beers to consider investing in start-ups

De Beers Group announced the launch of De Beers Ventures, which has been set up to actively consider the acquisition of minority stakes in start-ups and growth companies.

The new initiative will consider small investments in areas that may include downstream distribution, consumer brands, marketing platforms, security, cutting and polishing, and imaging technologies.

The aims of the investments will be to “generate returns that are both strategic and financial.”

Tom Montgomery, senior vice president of strategic initiatives, De Beers Group, said: “Not all good ideas can be generated or executed by a large corporation.

“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.”

About Shekina Tuahene

Shekina Tuahene
Shekina is a multimedia journalist who has lived in London all her life. She is an alumnus of University of Greenwich and Brunel. Shekina loves to read, travel, socialise and listen to music. If you have any story or feature ideas, feel free to drop her a line.

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