Gareth Penny

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Gareth Penny (born 1962) is a South African businessman and Managing Director of De Beers.

Penny was educated at Diocesan College and Eton College, before reading a MA in PPE at the University of Oxford, where he was both treasurer and librarian of the Oxford Union and a Rhodes scholar.

Penny joined Anglo American and helped establish the Anglo American and De Beers small business initiative. He then helped start a diamond cutting factory in Botswana. Penny was later promoted to the position of Diamond Consultant for Southern Africa in 1996, where he was responsible for the sales of rough diamonds to the South African cutting industry. In 1999, he was appointed manager in charge of the De Beers Strategic Review and in 2001 was appointed director in charge of the Diamond Trading Company’s sales and marketing activities, based in London. In 2002, Penny was appointed to the Board of De Beers Centenary and in 2003 he was appointed to the Board of De Beers sa. In 2004 Gareth became Managing Director of the Diamond Trading Company.