Driving sustainable investment in African Mining

Ensuring the Survival of the Diamond Industry

10 Feb 2026 | Market News

In this insightful Mining Indaba TV interview, Gareth Penny, Chairman of Ninety One and former Group CEO of De Beers, discusses the urgent need for partnerships in the diamond industry to ensure its survival.

Drawing on four decades of experience across mining, diamonds, energy, and global investments, Gareth explores the forces reshaping the sector today—from consumer trust and traceability to geopolitics and competition from lab-grown diamonds.

He reflects on the lessons of collective action, the importance of governance and sustainability, and how collaboration across producers, marketers, retailers, and governments can restore confidence in natural diamonds.

With trust at the center of luxury consumption, Gareth shares his perspective on where partnerships must deepen first and what the industry must do to remain relevant, resilient, and competitive in the modern market.
 

 

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