Sydnei Young Mrs. Bass Humanities- 3rd Blue 6 Nov. 2014 Clarity on Blood Diamonds Diamonds are mined for a number of reasons. Some reasons may be for paying off certain debts, glamorous jewelry, or for trade. Blood diamonds, also classified as conflict diamonds, are diamonds mined in a war zone and sold for the funding of a rebellion or uprising. Conflict diamonds are also sold to fund civil wars or for the rise of a warlord. Conditions in diamond mining are not always honorable and they are completely
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多少市场上的钻石，没人能回答。 In diamond market, supply always exceeds demand. According to economic rules, the price will finally drop. However, De Beers have controlled and manipulated the price by continuously purchasing the stockpiles of diamond that come from other competitors. The price of which, has amounted to more than $10 billion up till now. How long can De Beers last and how much diamonds can they buy? No one knows. 天价打造的“浪漫形象”。戴比尔斯在世界钻石市场的成功，可以说是一个近乎达到垄断的完美范例。它一方面总能刺激市场对钻石的需求，另一方面则减少钻石供给，即使在1
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Good Hope, his shadow falls to the Zambesi (Twain, 1904). One area that was not under British rule was South-West Africa (now Namibia), a German colony, and the discovery of diamonds there in 1908 threatened the monopoly of Rhodes' old company, De Beers. However, South African forces occupied the colony in the First World War, cutting off Germany's main supply of industrial diamonds, and it remained under South African administration until Namibia became independent in 1990. Ernest Oppenheimer
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I often would sit on the porch with our favorite beverage and just spend hours talking about life. When I arrived looking forward to one of our old talks I found that all my father had in his house to drink was his favorite beverage, Virgil’s Root Beer. I was surprised that my father was still drinking this brand just like he was seven years ago when I lived nearby. I asked my dad why he was so determined to drink only this brand of soda. My father told me in his serious but loving tone that it
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Forever: De Beers at the Millennium – Study Questions 1. Who writes the rules of the international diamond market? How are they enforced? * De Beers and the other diamond companies of the their time and specifically the Central Selling Organization (CSO) and the government partners where they are mining (?) * Their sorting process and the which went through many different grades that measured the 4 Cs: carat, color, clarity, and cuttability (?) 2. How has De Beers structured
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The article’s main focus is on the DeBeers corporation headed by Cecil Rhodes (also of the Rhodes Scholarship title) and explains how DeBeers has chosen to practice unethical research behavior. Also, as a result of DeBeers unethical research behavior they have been convicted along with the General Electric Company by the US justice department for conspiracy to raise prices in the $500 millions-a-year industrial diamond industry. "The indictment charges GE and DeBeers, which account for 80 percent
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De Beers' Multifaceted Strategy Shift Faced with such challenges as new sources of competition and suspicion about conflict diamonds, Gareth Penny had to rethink the basics A diamond may be forever, as De Beers' famous advertising slogan contends, but is the same true of a business model? That was the question facing Gareth Penny, managing director of De Beers, in the late 19'90s, when the famed diamond cartel found itself beset by a series of events that ultimately forced it to examine and then
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De Beers and the Conflict Diamonds De Beers is the most recognizable name in the diamond industry and since it was established in 1888 by Cecil Rhodes; the company have been linked to the “blood diamond” trade because for a long time they had the control of supply and demand of the diamond industry. De beers dominated the diamond market for the best part of the 20th century, but the creation of synthetic diamonds and the discovery of new diamond deposits in other countries have created new challenges
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TO THE unique qualities OF DIAMONDS. THE BEHAVIOUR OF OUR EMPLOYEES, THE ROBUSTNESS OF OUR COMPLIANCE SYSTEMS and our commitment to transparency maintain stakeholder confidence in our business and play a key role in upholding ‘diamond equity’. De Beers aims to meet or exceed all applicable statutory requirements, as well as international standards on ethical issues ranging from conflict diamonds to anti-corruption. We also work with our business partners to embed ethical standards throughout the
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Antitrust September 17, 2009 Tonight’s Agenda Role Call Review of Last Week, Current Events Antitrust Case Study: DeBeers Wrap Up Review of Last Week “People of the same trade seldom meet together, even for merriment and division, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.” -- Adam Smith “Perfectly Competitive Market” Consumers well-served. Receive goods at lowest price possible
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