98: Are Diamonds Forever? With Bruce Cleaver, Co-Chair of De Beers
Money Maze Podcast
Money Maze Podcast
4.8 • 216 Ratings
🗓️ 1 June 2023
⏱️ 53 minutes
🧾️ Download transcript
Summary
In this conversation we discuss the concept of diamonds as collectibles and a store of value. We hear about the shifting supply and demand factors influencing prices, the geopolitical forces at play, the rise of synthetics and the importance of the brand.
The conversation continues to environmental considerations, running a multinational business, as part of the Anglo American mining giant, and the extraordinary properties that underpin the world of diamonds.
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The Money Maze Podcast is kindly sponsored by Schroders, Bremont Watches, LiveTrade and Mintus.
Transcript
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| 0:00.0 | I believe the two most powerful words in business are just ask. |
| 0:04.5 | From a base of 200 billion of assets, my target in five years gets to 300. |
| 0:09.5 | We struck the oil in 69 at the day before Christmas Eve. |
| 0:12.5 | On the last attempt, bang, found the oil. |
| 0:14.5 | Welcome to the Money Maze podcast. |
| 0:17.0 | I'm Simon Brewer and Will Campion and I have created this show to explore and unravel some of the mysteries surrounding the investment business. |
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| 0:32.5 | If you enjoy the show, please subscribe, and we'd love you to tell a friend or colleague about it. |
| 0:37.4 | Thank you for listening. |
| 0:38.8 | We're delighted to have Schroeder's as a sponsor and corporate partner. |
| 0:42.9 | Schroeder is a global investment manager whose purpose is to provide excellent investment performance through active decision making. |
| 0:50.5 | For more than two centuries, Schroeder's has evolved their understanding of markets, offering investment solutions across fixed income, equities, multi-asset, as well as private markets through Schroeder's capital. |
| 1:02.5 | Schroeder's actively invests in companies with responsible and durable business models. They're also a leading specialist in impact investing for clients who want to maximize positive change. |
| 1:12.6 | Capital is at risk with investing. |
| 1:14.6 | Vermont is also a sponsor of the Money Mays podcast. |
| 1:18.1 | Bramont is a British company based in Henley that was established 20 years ago by two young brothers |
| 1:23.6 | whose dream was to design and engineer beautiful chronometers. When Giles English, |
| 1:29.6 | one of those brothers appeared as a guest on the Money Mays podcast last year, he brought to life |
| 1:34.9 | the wonderful history of British watch baking, helping to explain why the world sets its time |
| 1:40.3 | by Greenwich Mean Time, and he captured the incredible challenge of mastering the |
| 1:45.0 | complexities involved in making exquisitely engineered timepieces. He has said never judge |
| 1:51.0 | one of our watches until you've held it in your hand and felt the quality. And both Will |
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