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Free De Beers Essays and Papers

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    De Beers Case Study

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    This essay will start looking at the foundation of De Beers and how he initiated his marketing campaign and what the effect was on the prices of diamonds. Diamond is commonly known as a material that possesses unique qualities physically. It contains a strong covalent bond between its atoms. Diamond is majorly known for its hardness as well as lasts thermal conductivity in comparison with bulk material. Such properties make it useful in industrial application such as cutting and polishing tools.

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    De Beers A young English boy’s failing health triggered his family to send him to South Africa in hopes that the hot climate would turn his ailing health around. During the late nineteenth century, Cecil John Rhodes, joined his brother in the fields to pick cotton. Rhodes soon moved on to the more lucrative field to pick diamonds. This excursion led Rhodes, whom the infamous "Rhodes Scholar" was named after, to a path that defined and dominated the diamond industry worldwide. He created, through

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    The De Beers Diamond Company is well known, internationally based diamond trading and mining company. It has guarded the diamond flow in to the United States market for past several decades. Conceivably, a more suitable title for De Beers would be cartel as it started as groups of producers whose objective was to control supply of diamonds, fix prices and limit competition, and the groups actually did what it is decided at the very beginning. The name “De Beers” originated with two Afrikaner farmers

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    Business Analysis: The De Beers Group

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    The De Beers Group, the dominant agent in the diamond mining, industrial diamond manufacturing and diamond trading sectors, has a significant mining presence in Botswana, Namibia and South Africa. Africa’s recent history is characterised by the West’s inexorable exploitation of African natural resources, resulting in a continent plagued by corruption, violence and slow development. Through committing to the ‘Living up to Diamonds’ initiative, De Beers aims to create lasting contribution to the communities

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    the quantity sold to fall short of social needs. In order to handle the problems, policymakers in the government regulate the behavior of monopolies and try to make monopolized industries more competitive 2. How does De Beers maintain its monopoly power? In previous years De Beers owned a key resource for diamond production – mines. The monopoly’s power stemmed from the company’s ability to collect the world’s rough diamonds and send them out again, anonymously and bereft of origin. Because of turmoil

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    Introduction De beers Canada Inc., the proponent of the Victor Diamond Project, is one of the subsidiary companies owned by the De Beers group. De Beers group, founded in 1888, is the world's leading company in the diamond industry. Their main operation includes exploration, mining, and sales of diamonds. The Victor Diamond Project is the proposed project to build an open pit diamond mine in Attawapiskat, Ontario. The proposed project also includes the construction of the major mine facilities

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    Oppenheimer established the Central Selling Organisation, De Beers Consolidated Mines have controlled the selling and marketing of approximately 80% of the world’s rough diamond production (Capon, 1998). However, in 1996, Australian company, Argyle, stunned the world by announcing that they would no longer market diamonds through De Beers C.S.O. Many economists predicted that Argyle wouldn’t be able to compete against the mammoth De Beers. Yet in the year to December 31, Argyle recorded a profit

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    Price Of Diamonds Essay

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    distributed to. De Beers is one of the commonly heard names with regard to diamonds. Up until recently De Beers controlled the diamond industry. It both created and lost the most powerful monopoly in history. Through a discussion of how the cartels operate and the laws of demand and supply, one will be able to determine whether the price of diamonds is too high. History of De Beers Cecil Rhodes created De Beers, which became the owner of most of the diamond mines in South Africa. De Beers Consolidated

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    The Price of Diamonds Is Too High

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    of the cartel; De Beers’ strong market campaign; determining De Beers’ current economic benefit and the true worth of diamonds. Origins of diamond cartel The diamond cartel began in 1888 shortly after shareholders in the diamond mining industry found out that diamonds were abundant in South Africa. The shareholders realized that the value of diamonds would be little and they were concerned about their investments. In order to combat this problem, Cecil John Rhodes created De Beers Consolidated Mines

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    Diamonds

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    think of a company called De Beers and how they are considered a cartel. De Beers proved to be the most successful cartel arrangement in the annals of modern commerce. While other commodities, such as gold, silver, copper, rubber, and grains, fluctuated wildly in response to economic conditions, diamonds have continued, with few exceptions, to advance upward in price every year since the Depression.(the Economist, p17, June 3rd 2000) Through the years De Beers has sort of monopolized the

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