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Diamonds were — a very, very long time ago — an investor’s best friend. In this month’s cover story, David McKay eloquently outlines the challenges faced by the diamond sector and its iconic miner and marketer, De Beers.

While the JSE was built largely on the gold discoveries on the Witwatersrand (and later, other rich extensions), the earliest stock exchanges in Kimberley and Cape Town were formed to capitalise on the diamond rush of the 1870s. ..

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