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Israeli diamond billionaire Leviev buys into Zambia emerald mine

Billionaire Lev Leviev, who made his fortune undercutting De Beers’ former diamond monopoly, has bought half of one of Africa’s biggest emerald mines. Leviev bought into the Grizzly emerald mine in Zambia’s Copperbelt province, which borders the Democratic Republic of Congo, Kombadayedu Kapwanga, MD Leviev’s Namibian unit, said by phone. The operation has been renamed Gemcanton Investments Holdings.