De Beers sells Kimberley Mines after 127 years

(Click here for more from Bruce Whitfield's The Money Show.)

UK-listed Petra Diamonds and Ekapa Mining are buying De Beers’ Kimberley Mines.

This ends De Beers’ 127-year control of an operation that sparked the modern diamond industry.

Petra Diamonds and Ekapa Mining will pay R102 million for the mines.

Listen to the audio for more detail.

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