Strayer University BUS475 May 1, 2014 Instructor: The De Beers Company is one of the wealthiest companies in the world. De Beers leads and dominates the diamond industry in diamond mining, diamond trading, and industrial diamond manufacturing. In 1871 a South African man named Cecil Rhodes created De Beers. Rhodes rented water pumps to miners then invested his profits by buying up small mining operations. In 2011 the De Beers Group sold their remaining stake to Anglo American for $5.1 billion
Words: 2140 - Pages: 9
The makers of “Blood Diamond,” an exceptionally thriller starring a most excellent Leonardo DiCaprio, want you to know there may be blood on your hands, specifically your wedding finger. The story involves so-called conflict diamonds, illicitly mined stones that have been used to finance some of the most vicious wars in Africa. If films were judged solely by their good intentions, this one would be best in show. Instead, gilded in money and dripping with sanctimony, confused and mindlessly contradictory
Words: 749 - Pages: 3
wasn’t particularly hard and rebel groups such as the RUF in Sierra Leone and UNITA in Angola obtained approximately $200 million per year from these sales. The groups had been hurt by the conflict diamonds were the diamond companies such as De Beers. De Beers Corporation is the worlds leading
Words: 1216 - Pages: 5
The Situation You are playing Texas Hold’em against one other opponent. • Your two down cards are 6 of (diamonds) & 7 of (diamonds). • The first three cards to come up are 3 of (diamonds), 4♣ 9♠. • The next card to come up is 10 of (diamonds). You and your opponent have both already bet $24,000 into the pot each. Your opponent now adds $10,000 to the pot. You only have $10,000 left in total. While you consider what to do, your opponent, in an effort to rattle you, reveals his down cards
Words: 506 - Pages: 3
De Beers Diamond Company Social Performance of Organizations Business 475 August 4, 2014 De Beers Diamond Company De Beers is a multinational privately owned diamond mining company established in 1888 by Cecil Rhodes. The company specializes in trading and manufacturing diamonds. Rhodes invested capital made from renting water pumps to miners and started buying mining claims. Rhodes knew the acquirement was on an untapped market. He purchased diamond fields owned by two brothers named
Words: 874 - Pages: 4
Unethical Values Within De Beers Consolidated Mines Limited De Beers Consolidated Mines Limited is a South African-based mining and trading company, which controls the flow of diamonds in the United States marketplace (Aurora, 2008). De Beers distributes diamonds, ships them, and distributes them to significant intermediaries, wholesalers and retailers (Atkinson, 2000). 1. Unethical behaviour: Unfair trading and competition The first unethical conduct identified within the De Beers example is unfair trading
Words: 3858 - Pages: 16
SWOT Analysis Next i’ll guide you through the swot analysis of De Beers. * Their strenghts are that they own their own diamond mines and retail shops. Because the business have been existing for over a 100 years, they’ve been able to gain a lot of expertise. * As they are market leader they also have a high turnover. * Their last big strength is that they have been able to present diamonds of high quality through the years. Weaknesses: * They are specialized in only one product
Words: 541 - Pages: 3
time of this diamond campaign, there was a diamond rush going on in South Africa. Every diamond company raced over to start mining in South Africa. Cecil Rhodes had bought land from brothers Johannes Nicholas and Diederik Arnoldus de Beer. On March 12, 1888, De Beers Consolidated Mines Ltd. Was formed and the empire began to spread throughout Europe. Sir Ernest Oppenhiemer grew tremendous interest in the company and ended up establishing the Diamond Trading Co. in Kimberly, South Africa and London
Words: 959 - Pages: 4
Diamonds are a girls best friend according to a Madonna song, but what does diamonds do to the people and country where they come from? In parts of Africa you can see adults and kids in pools of water looking for them. You might think “Then why aren’t these people rich and why do they live in places like these?” While your answer is that they don’t profit from anything they find. You can find Blood Diamond mines in Sierra Leon, Liberia, Angola, the Republic of Congo, Cote d’Ivories. Central African
Words: 659 - Pages: 3
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
Words: 1806 - Pages: 8
