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Former Owners of Largest Diamond Company De Beers, Oppenheimer Family Office Setup in Singapore

23rd October 2021 | Singapore

Oppenheimer family, the former major shareholder of the world’s largest diamond company De Beers, has setup an Asian family office unit in Singapore (Family Office: Oppenheimer Generations).  Nicky Oppenheimer and his son Jonathan Oppenheimer has setup a family office unit in Singapore to boost its Asia exposure and partner with Asia’s wealthy.  The Oppenheimer family who had announced the exit of De Beers for $5.1 billion in 2011, has an estimated fortune of more than $8 billion today.  Edoardo Collevecchio, the Chief of staff for Oppenheimer Generations, is moving from London to build and lead its team in Singapore, and Yi Ling Ong who had joined in July 2021 after spending nearly 10 years at Singapore state owned investment company Temasek, will be the Head of Investment in Asia for Oppenheimer Generations. 

“ Former Owners of Largest Diamond Company De Beers, Oppenheimer Generations Family Office Setup in Singapore “

 


Former Major Shareholders of De Beers

De Beers was established in 1888 and is the world’s leading diamond company with expertise in the exploration, mining and marketing of diamonds.   The mining operations are in Botswana, Canada, Namibia and South Africa and produces and markets approximately 40% of the world’s supply of rough diamonds. 

 

In 2011 on Existing De Beers for $5.1 billion:

Nicky Oppenheimer, De Beers chairman representing the Oppenheimer family interests:“This has been a momentous and difficult decision as my family has been in the diamond industry for more than 100 years and part of De Beers for over 80 years. After careful and deliberate consideration of the offer, and what is in the best interests of the family, we unanimously agreed to accept Anglo American’s offer. Anglo American is the natural home for our stake as they have been major shareholders in De Beers since 1926 and have a deep knowledge of the diamond business.”

 

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