Encyclopedia > De Beers

  Article Content

De Beers

De Beers is a London and Johannesburg based diamond mining corporation. It has historically held a near total monopoly in the diamond trade. However, recently Israeli interests have captured 20% of the market. De Beers has been for many years under indictment in the United States for antitrust violations.

De Beers distributes diamonds to favored customers (called site holders) by selecting batches of diamonds themselves and offering them as is. Following the distressing use of diamond revenues by African revolutionaries engaged in diamond smuggling, De Beers now sells only diamonds mined from their own mines, most of which are in South Africa and Botswana. They are currently involved in a joint venture which is developing a diamond prospect in Saskatchewan, Canada.

External Links

All Wikipedia text is available under the terms of the GNU Free Documentation License

  Search Encyclopedia

Search over one million articles, find something about almost anything!
  Featured Article
Wheatley Heights, New York

... Asian, 0.00% Pacific Islander, 4.15% from other races, and 3.73% from two or more races. 11.67% of the population are Hispanic or Latino of any race. There are 1,455 ...

This page was created in 27.1 ms