De Beers Group’s latest announcement is the creation of De Beers Ventures, a separate platform which considers the acquisition of minority equity stakes in start-ups and growth companies related to the Group's core business.
The initiative will consider small investments in businesses which will enable De Beers to reach and connect with consumers as well as streamline all mining operations. This includes areas such as downstream distribution, consumer brands, marketing platforms, security, cutting and polishing, and imaging technologies. The primary objective of the investments will be to generate returns that are both strategic and financial.
“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,” said Tom Montgomery, Senior VP of Strategic Initiatives, De Beers Group.