Murowa diamond mine

Diamonds. These small and rare rocks have been considered prized possessions throughout the ages. Diamonds are as old as the earth itself, and ever since their discovery they have captivated humans. Diamonds have come to represent many things, but in this paper, I will focus on power. I will track a certain diamond through its’ dated 350-year period, and use it to understand the individuals who owned it and the power it gave them. The diamond I refer to is the hope diamond. The Hope diamond is…

“Diamonds are a girl’s best friend” is a common phrase. The higher the price on jewelry whether it is a watch, necklace or ring, depends on the amount of carats of diamond included. The diamonds beauty and shine brings joy onto the faces of women as they get treated by their significant others. People buy expensive jewelry because it looks good, makes people feel wealthy, and is considered a luxury. However, consumers did not always know where these diamonds originated about 15 years ago, it was…

Diamonds Are Forever. Or so the De Beers mining company would like to remind us. For a century, if you purchased a diamond, there was a 90% or higher chance that The De Beer mining company brought it to market—a true monopoly. The last three and a half decades have not been so kind to the firm, with market share crashing to a “mere” 35%. This company was founded by none other than Cecil Rhodes. Rhodes was archetypically imperialist. We are given a small glimpse of Mr. Rhodes’ brand of…

Kindergarten was really stressful and hard. It was a lot of work compared to preschool. Here I had to write sentences about things and had to do it fast (well faster than what seemed like a reasonable amount of time for me). Stations was the worst, we went around the room in groups to different stations some of them were ok, but there was always at least one station that needed me to write. All the other kids had no problem with it except for me. I always got so flustered by writing that I…

De Beers focuses on building brand Nothing is forever in business, not even diamonds. Ask De Beers, which runs the world 's diamond cartel. The London-based company, actually De Beers/Centernary, has developed and inflated the connection between diamonds and romance -- a link that goes back only to the 19th century. Its highly effective advertising slogan, "Diamonds are forever," was established in 1948 and is still going strong. "De Beers ' operating strategy has been pure and simple," says…

Commodification is the process by which material objects are turned into marketable goods with monetary value based on equivalent commodities. In relation, the Marx idea of commodity fetishism is related to this by which all value is derived from an abstract unknowable meaning, and the original meaning or use is absolutely gone. Commodification is evident Ed Kienholz’s watercolor artworks. In exchange for a service or material possession, he would offer a watercolor painting as payment. He was…

The Kimberley Process is a joint government, industry and civil society initiative to stem the flow of conflict diamonds – rough diamonds used by rebel movements to finance wars against legitimate governments (De Beers Group, 2012). Business Action for Africa is an International business and organization from Africa. As Business Action for Africa in support of three primary objectives: positively influence policies needed for growth and poverty reduction, promote a more balanced view of Africa,…

Introduction: De Beers is an association of companies that dominate any things related to diamond such us diamond trading, diamond mining, diamond shops and industrial diamond manufacturing sectors. The company was established in 1888 by British businessman Cecil Rhodes and funded by London-based N M Rothschild & Sons bank and the South African diamond magnate Alfred Beit. They have many places for mining like Botswana, Namibia, South Africa and Canada.However; there was a big debate about some…

Since the early 20th century De Beers Corporation has had a monopoly on the world’s diamond supply. This monopoly has essentially enabled them to set the price for diamonds as they made up the largest market share, thus at their peak they controlled up to 80% of the worlds rough diamond supply. Through their tactic of restricting the supply of diamonds, the De Beer Corporation has made diamonds, into a luxury good. Over the past 100 years they have consolidated their vast share of the market…

Morenci is the largest copper mine in North America. Just before Richard started working there, they had set the world record for the highest production open pit mine in the world – 12.4 million tons of material were moved in 24 hours. It is geographically located in eastern Arizona. The mine is run by a company called Phelps Dodge. Approximately 2,000 people work at the mine. (“Morenci Copper Mine”) In the mid 90’s Richard Arstein was working at Caterpillar Proving Grounds, south of Tucson, as…