11. Diamonds
Articles of Interest
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De Beers and Cecil Rhodes
Cecil Rhodes is like the archetypal colonizer capitalist. He started by buying up all the little mines in South Africa and consolidating them. The De Beers company had amassed more diamonds than had ever been thought possible. When jewelers like Tiffany's and Harry Winston wanted to buy diamonds, they had to come to De Beers as stockpiling in London.
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