Diamond moguls lose rank but fortunes increase

source: Mmegi


Diamond Trading Company Botswana (DTCB) has finally opened.The state-of-the-art facility, which costs around P470 million, will process stones in excess of 36 million carats per annum and sell them to 16 Sightholders licensed in Botswana.

The 2008 Forbes’ list of the world’s richest people was released recently and DTCB and its sightholders have their fair share of representatives dubbed diamataires.

Recently, Mmegi reviewed last year’s list and found that the diamond industry has representatives whose fortunes have increased while some lost ground in their rankings from the 2007 Forbes list.

The list includes Benny Steinmetz, Nicky Oppenheimer, Lev Leviev and Laurence Graff.
Leading the diamantaire, Nicky Oppenheimer, who was at [continue reading]

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