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Tag Archives: De Beers
A Kinder, Gentler De Beers?
On April 3, the Supreme Court declined to hear an appeal of the De Beers antitrust settlement and although there is a possibility that a second appeal might be filed, the case actually appears to be closed or close to … Continue reading
Posted in Business, Jewelry History
Tagged anti-trust, Argyle Mine, cartel, class action, De Beers, diamonds, Justice Department, retail diamond sales
Cashing Out of Romance Biz
That diamonds, more than any other stone, are associated with engagement rings, is the direct result of the efforts by one company and one family. In one generation, the Oppenheimers, who controlled De Beers for more than 85 years, changed … Continue reading
Posted in Business, Jewelry History
Tagged De Beers, diamonds, diamonds are forever, Oppenheimers
Diamonds May Be Forever, Oppenheimers Aren’t
For the trade, the announcement was as stunning as it was historic. Last week the Oppenheimer family announced it has sold its 40 percent stake in De Beers to Anglo American for $5.1 billion. The sale gives Anglo American 85% … Continue reading
Posted in Business
Tagged Anglo American, Cecil Rhodes, De Beers, diamonds, Ernest Oppenheimer, Oppenheimer Family