De Beer’s diamond monopoly around the world and how it ended

The diamond industry model of the 21st century must be seen as different from the diamond industry model of the 20th century. This is because there was a single company that monopolized the entire diamond industry.

Throughout the 20th century, the diamond industry was monopolized by De Beer, who has been considered by some to have used many clandestine methods to achieve and maintain this monopoly on the diamond industry.

It has been suggested that the company used various tactics to take control of the market, for example they would buy diamond reserves that were sourced from other competitors and then manipulate prices through the old supply and demand.

Another clandestine method used was to flood the market with similar products from producers who refuse to join their monopoly.

At that time, the family of companies employed around 20,000 employers on five continents in different locations around the world.

The family of companies was involved in all aspects of the diamond industry, from diamond mining to rough diamond sales, distribution and production, as well as jewelry manufacturing and marketing.

The De Beer family is credited with selling around 40% of the world’s rough diamonds, which came from their own mines or through their joint ventures with various governments.

It may be worth noting here for those who don’t know, that it is not the name of a person, but the name of the company that was founded by Cecil Rhodes in 1888 and financed by Lord Nathan Rothschild of the Rothschild family.

Cecil Rhodes founded a company in 1871 during the days of the gold rush selling water pumps to miners. This took place in South Africa, where the largest diamond of 83.5 carats was found in Kimberly.

Using the profits from this operation, he wisely invested in buying concessions from small diamond miners and in another bold move.

He secured further funding from Rothschild for a massive expansion and De Beer was created in 1888 through the merger of Cecil Rhodes and Barney Banarto, who subsequently became the owners of all mining output in South Africa.

Cecil Rhodes feared that one day someone would find another diamond mine and that is exactly what happened, entering the Cullinan mine, which was discovered in 1902 and was the main competitor of De Beer and later the cause of the end of the De Beer monopoly .

The mine owner turned down an invitation to join the monopoly and opted to do business with Bernard and Ernest Oppenheimer, dealing another blow to the De Beer cartel.

The Cullinan mine was so successful that they are credited with finding the second largest diamond ever found, the Cullinan diamond and their production soon equaled that of De Beers.

That being the case, however, De Beer soon gained ownership of The Cullinan mining industry sometime during the First World War.

In 1902, after the death of Cecil Rhodes, the De Beer company controlled more than 90% of the world’s diamond production.

In 2000, several diamond producers in places like Australia, Canada, and Russia decided that they had had enough of De Beer and would seek to distribute their diamonds outside of the De Beer cartel. It was this single act that saw the end of De Beer’s monopoly.