End of the Oppenheimer Diamond Dynasty

"The discussions around accepting this $5.1 billion offer have been very difficult for Jonathan and me; after all, the Oppenheimers have been involved in the diamond industry for more than 110 years. However when presented with the offer from Anglo, we had to think in the wider context of what was in the best interest of the family as a whole.

After much debate we came to the unanimous decision that the right way forward for the family was to accept Anglo American's offer." The end of any dynasty is generally shrouded in drama - stuff of movies are made, bestseller books are written. There is the carefully planned "public scenario", the media-spin, the attempts to craft and manage the final version of the dynasty's history and, what investigative journalists call, the "real behind the scene story". In this editorial, we only want to highlight mostly one aspect of the deal: the low selling price.