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As many critics claim the company was originally founded with the intentions to control the world diamond supply, so that the company is the owner of the diamonds, rather than market forces. Eventually, the company decided the prices of the diamonds themselves.

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De Beers Group is an international corporation that specialises in diamond exploration, diamond mining, diamond retail, diamond trading and industrial diamond manufacturing sectors. The company is currently active in open-pit, large-scale alluvial, coastal and deep sea mining. It operates in 35 countries and mining takes place in Botswana, Namibia, South Africa and Canada.

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Cecil Rhodes founded and owned De Beers which controlled around 90% of the global output of diamonds when he died in 1902. He controlled every major mine in South Africa …

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