Looking long term and assuming the LVMH joint venture comes to fruition and actually starts to generate value, then I would perhaps have put a long term valuation on De Beers of $60 a share,

Looking long term and assuming the LVMH joint venture comes to fruition and actually starts to generate value, then I would perhaps have put a long term valuation on De Beers of $60 a share.

I'm pleased for the joint venture because I was obviously a part of the organisation,

Initially, we are allocating $6 million from our budget to the joint venture.

Spinning it off kind of just gives the problems to your shareholders, and a joint venture really doesn't do much for you. The optimal plan would be to sell it and use the cash to reduce debt.

The only way to regenerate the world is to do the thing which lies nearest us, and not hunt after grand, far-fetched ones for ourselves.