Diamonds: De Beers’ Gareth Penny on His Exit; Bulgari’s Blue on the Auction Block



Penny and His ThoughtsGareth Penny, the outgoing CEO of De Beers, told JCK in an exclusive interview his next job will likely not involve diamonds.“I’d like to do something different, maybe something entrepreneurial,” he says. “I am 48 years old and looking forward to the next chapter. For the last 10 years I have lived on airplanes. I’d like to do something that’s a bit less ­peripatetic. I have two young kids, 10 and 12, and I’d like to spend more time with them.”Penny announced he was stepping down in July after 22 years with the company.  A former ­Rhodes scholar, Penny first made his mark in the late 1990s, when he oversaw the “strategic review” that led to De Beers’ adopting the Supplier of Choice policy. Penny eventually ascended to the top jobs at the Diamond Trading Company and at De Beers. Despite numerous controversies during his tenure—from the
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