De Beers

Anglo controls 85% of De Beers, while the government of Botswana owns 15%.

Anglo American has owned 85% of De Beers since 2012, when De Beers’ longtime owners, the Oppenheimer family, sold their 40% share.

Minister Nonofo Molefhi said the government has 15 per cent shareholding in De Beers, with Anglo American having 85 per cent.

Mr Moagi noted that in a re-negotiated agreement of 1975 Botswana and DeBeers each got 50 per cent shareholding.

Debswana is a company in which the Botswana Government and the De Beers Consolidated Mines Ltd each hold a 50% share.

The complaint sought equitable relief based upon a charge that the defendants were engaged in a conspiracy to restrain and monopolize the commerce of the United States with foreign nations in gem and industrial diamonds, in violation of §§ 1 and 2 of the Sherman Act

We are of opinion that the injunction issued in this case is not authorized either by statute or by the usages of equity and that the decree granting the injunction should be reversed.

De BEERS CONSOLIDATED MINES, LTD. et al. v. UNITED STATES.

The settlement provided for a fund of $295 million to be distributed to both the direct and indirect purchasers: the direct purchasers were to receive $22.5 million of the fund,

Sightholders are selected by De Beers‘s subsidiary Diamond Trading Company

Four men held all but twenty-five shares of its stock.

On the 12th of March, 1888, a seemingly unpretentious joint stock company was formed and established at Kimberley

Cecil Rhodes and Barney Barnato, who were running competing diamond operations, join forces. De Beers Consolidated Mines Limited is established on 12 March 1888.

Rhodes is named Chair and continues in this role until 1902.

Sir Ernest Oppenheimer is elected to the De Beers Board after Anglo American, the company he founded, becomes a major shareholder in De Beers.

It also purchased LVMH’s stake in De Beers Jewellers, taking full ownership of the business.

In 1929 he became the chairman of the company.

Rhodes was named the company’s founding chairman and Barnato became a director of the company until his death in 1897.

He was also appointed to its board of directors.

On 2 December 1938 he authorized a check for ten thousand dollars for Ayer to begin its “Diamond Market Investigation Survey and Report.”

With each new request De Beers claimed that it did not have enough diamonds readily available to fill the order all at once.

within a year “A Diamond is Forever” became the official slogan of De Beers.

Each company still holds more than 30 percent of the other's stock.

"It was the moral imperative and also the fear of what might happen to the diamond industry," Nicky Oppenheimer said

De Beers's exclusive sales unit, long called the Central Selling Organization

by supporting United Nations embargoes on illicit diamond sales in Angola and Sierra Leone, the company has effectively enlisted the United Nations as a policeman

Another brilliant coup, in my opinion,

Lightbox, the lab-grown diamond brand De Beers Group launched in 2018 with an $800 per carat pricing structure, is now selling its diamonds for as low as $500 a carat.

De Beers – To be divested or demerged, to improve strategic flexibility for both De Beers and Anglo American

Diamond company De Beers Group has announced plans to shutter Lightbox

The planned closure of Lightbox reflects our commitment to natural diamonds.

De Beers Centenary and a number of interrelated firms, including De Beers Consolidated Mines Ltd., owned or controlled various companies that manufactured, distributed and sold industrial diamonds in the United States and elsewhere.