VENETIA UNDERGROUND PROJECT The future of South African diamond mining. The new US billion Venetia underground mine ranks as the biggest single investment by De Beers Group in the South African diamond industry. Excavation work for the underground extension got under way in 2013, the year De Beers celebrated its 125th anniversary. Production is scheduled to begin in 2022, climbing to full production in 2025. Over the course of its life, the underground mine will treat about 132 million tonnes of ore containing an estimated 94 million carats. The underground project will extend the life of Venetia mine to 2046, securing the future for our host communities.
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