It seems the Oppenheimer fortune is in good hands.
Diamond prices slashed 25% as lab-grown gems rock the industry, Incest monster Josef Fritzl may soon be released, Teen skier to represent SA at Youth Winter Olympics, Call to scrap TV licences, and Clifton is hosting free volleyball, sunsets and live music every Thursday night.
The Big Hole is a 40-hectare open-pit diamond mine and the largest hand-excavated hole in the world.
It was nice while it lasted, but with a new generation that doesn’t see the ‘value’ in gemstones, diamonds may turn out not to be forever.
A 1,098-carat diamond, which Botswana claims is the third-largest gem-quality stone ever found, was unearthed on June 1.
De Beers’ latest diamond sale event was a disaster, which has forced the company to make some unprecedented decisions.
The diamond giant is planning to expand its business into diamonds of the man-made variety, which is quite a change of tune.