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
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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
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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
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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
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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
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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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OFFICIAL BEER PONG RULES Starting: Each team will shoot on the count of three while looking each other in the eye. If the player from one team makes his cup and the player from the other doesn't, the next player on the first team will shoot. If they both make or miss, the next shooters on each team will shoot in the same fashion. This continues until the outcomes are different. Turns: Each team shoots twice per turn. If both players make their shots, the balls are returned and receive an extra
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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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