Philippe Mellier: Sustainable Returns Across Diamond Pipeline are Key to Investment

Market Analysis
16/06/2015 13:11

At the World Federation of Diamond Bourses (WFDB) and International Diamond Manufacturers Association (IDMA) Presidents meeting in Tel Aviv earlier today, Philippe Mellier, CEO of De Beers Group, said that sustainable returns across the diamond pipeline are key to investment for further growth. “Diamantaires need to make sustainable returns so they can invest in things such as new technology, marketing activities and business efficiency. Meanwhile, at De Beers we need to make sustainable returns so we can invest in things such as production capacity, with our current projects requiring expenditure of more than $3 billion,” he said. "Our optimism in the industry’s long-term future is shared almost universally by industry analysts and commentators...we are undertaking one of the most comprehensive programmes of investment to support long-term industry profitability ever set in motion in the diamond sector,”