De Beers to upskill 5 black-owned diamond cutting firms

There is tremendous talent in South Africa in terms of cutting and polishing skills.

Innocent Mabusela, De Beers

The business plan is not important. What’s important is the person behind the business plan.

Innocent Mabusela, De Beers

De Beers has chosen five black-owned diamond cutting and polishing firms (Kwame Diamonds, Nungu Diamonds, Thoko’s Diamonds, Diamonds Africa and Molefi Letsiki Diamond Holdings) to support in order to comply with Government’s demands for increased beneficiation.

The world’s largest diamond producer will provide support in aspects such as buying, manufacturing, marketing and distribution as well as facilitating access to funding and entrepreneurial guidance.

The Money Show’s Bruce Whitfield interviewed De Beers Head of Corporate Affairs Innocent Mabusela.

Listen to the audio below for more detail.

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