KEVIN CROWLEY on BLOOMBERG MARKETS | 15 June 2017
“De Beers finds some of its most valuable diamonds on the Atlantic Ocean seabed off the coast of Namibia, and it’s betting there are a lot more to be discovered.
The world’s biggest diamond producer has spent $157 million on a state-of-the-art exploration vessel that will scour 6,000 square kilometers (2,300 square miles) of ocean floor for gems, an area about 65 percent bigger than Long Island. The Anglo American Plc unit mines in the area in a 50-50 joint venture with the Namibian government.”
