Essay about Social Performance of Organizations

For centuries, diamonds have been regarded as one of the most valuable commodities in the world and the industry has evolved into billions of dollars. At the top, De Beers dominated the entire industry worldwide, from exploration to retail selling. However, it has a reputation of a monopolist, where it influences supply and demand. The two critical factors that De Beers carefully maintained throughout the century to remain in monopoly was to create the illusion of the scarcity of the diamonds and to keep the prices high. Realizing the benefits of the cooperation and the dangers of the oversupply, most

Today, over two thirds of the world’s diamonds come from one company, De Beers. The London based company was one the first companies involved in the mining for diamonds in Africa immediately following their discovery. Cecil Rhodes was attracted to the new prospects of mining in African and he started his search for diamonds in 1870. Another English immigrant miner named Barney Barnato, Rhodes’ rival, also fought to control the same diamond claims as Rhodes. By 1880, Rhodes had bought out Barnato and had founded De Beers Consolidated Mines Ltd. Rhodes envisioned controlling the whole diamond market. By 1888, he had realized his vision and he had gained monopolistic control over the whole diamond market. He completed his monopoly with the formation of cartel, the London Diamond Syndicate, who were that biggest diamond merchants of the time. His syndicate allowed him to perfectly match supply with demand. They provided him with critical information about the diamond market allowing him to create an artificially controlled supply of diamonds. In return for their assistance, the diamond merchants were guaranteed a certain amount of diamonds from Rhode’s mines.

     In Southern Africa, there were mineral discoveries in the 1860, 70, and 80’s. These discoveries had an enormous impact on Southern Africa. These discoveries lead to a “rush” of many fortune hunters and the establishment of the town of Kimberly, which grew quickly and soon became the largest urban society in the interior of Southern Africa. Soon the diamond industry was controlled by one monopolistic company. This was one negative effect of imperialism in Africa.

To organize and prioritize the current and future projects in the pipeline in a way that fits into the PMB budget of $5B, and ensures projects that increase sales, growth, and stockholder value are of top priority, whereas projects that are not beneficial are either put on hold or discarded.

The process of producing the diamonds so they could be sold on the market involved many steps which were illustrated in the movie, Blood Diamond. Smugglers like Archer would supply the RUF with guns. The guns would be used by the RUF to intimidate the people of Sierra Leone into working as laborers for them, we see this with Solomon and his son. These men would be forced to dig in the water mines for hours a day searching for diamonds of all sizes. Then the diamonds are mixed with other diamonds all around the world, mixing the illegal ones with the legal ones; this was explained in the movie by Archer to Maggie. When the diamonds are mixed in with the others, no one can determine for certainty where each originated from. It is then distributed to nations where they are made into necklaces and bracelets, and no questions are asked.

Peter Minuit was born in Wesel, Germany, sometime around 1580. He was the son of Walloonian immigrants who were expatriated by the Spanish. Almost nothing else is known about his child hood except he moved to the Netherlands as a young man. His father died in 1609 at which point he took over his father’s business. On august 13, 1613, he was married to Gertrude Raedts, who came from a wealthy family. By the late, 1610’s Minuit had established himself as a broker in trade goods. The exact goods he traded are unknown, but his will suggests that diamonds at least make up a part of them.

In 1935 Sierra Leone Selection Trust, run by De Beers started mineral mining. This was arranged to last 98 years. Mining of diamonds in the east and other minerals prolonged, drawing laborers there from other parts of the

Bluenail Company article , this company is a littel bit simmlar to the Dee Beers story purpose. It is to educate the readers and the buiers about the quality of Diamonds and to pursuade them to buy, and convencing them by giving them the chance to know theier favoraite type of diamond and its color , the ring size chart of their fingers, and the unbeliveable

The first person to mine Witwatersrand Basin was J.H. Davis a British prospector came across the land in 1852 where he walked away with £600 worth in gold. Years later Jan Gerritze Bantjes was called “the first and original discoverer of one of the gold fields” in June 1884 since none of the earlier miners owned the land. Due to the large area covered in this basin many new fields were found each richer than the last. Today the land is mined by Witwatersrand Gold Mining Company Ltd created in 1886 was the first mining company on the reef. Most of the mining conditions in the early 1900’s was harsh and dangerous; the mines were dark and the infrastructure of them were questionable. Due to the lack of machinery and advancements that we have available now these mines were dug by men, mined by men, and destroyed by

Germany’s imperialist experience in Namibia came with several advantages. These advantages were of a political and economic nature. Benefits experienced included an increase of trade with other powers, an increased amount of political influence, and the control over valuable resources in South West Africa. Firstly, Namibia contained many valuable resources, which Germany had control over. Resources in Namibia included diamonds, rubber plantations, copper, lead and gold (Unknown Author, 2004). This stockpile of valuable resources meant that Germany could make massive profits if the correct steps were taken. Out of all of these commodities, not only is diamond the most valuable, but it was the most abundant in South West Africa. Access to these minerals greatly expanded Germany’s portfolio of tradable commodities. Secondly, Germany received large profits from trading its colony’s resources with other powers colonies. The direct trade between Germany and Britain colonies in 1910 was nearly 630 000 British pounds. Over two thirds of this income was from South West

The story of these infamous diamonds all started with a fifteen year old who found a diamond in his father 's arm. The diamond business started in 1935 when “De Beers” took all control over dining prospects in Sierra Leone. De Beers are a group of companies has a main role in the exploration of diamonds, as well as diamond mining, diamond retail, diamond trading, and industrial diamond manufacturing sectors.This group was founded in 1888, and they are responsible for the problems Sierra Leone is facing today. These diamonds can be found in volcanic pipes. Diamonds are a pure form of carbon in a transparent state. Diamonds have always been a sign of wealth. Historically kings and queens were known for wearing these. Over time many people began lusting over them.

Diamond began in 1912 as a member-owned agricultural cooperative association, specializing in processing, marketing, and distributing culinary, snack, in-shell, and ingredient nuts. After almost a century as a walnut

Color. Clarity. Cut. Carat Weight: These four words are what jewelers in the industry use to determine the monetary value of a diamond. However in 1947 De Beers found a way to not only boost their sales but also make a psychological necessity out of this sparkly stone, and it all began with four vastly different words, “A Diamond Is Forever” (Frances Garety), and accompanied by phrases such as “Isn’t two months’ salary a small price to pay for something that lasts forever (N.W. Ayers)?

followed in the 1970s with the opening of sales and manufacturing companies in South Africa and

3. Description of the IMF Project to Help Africa Crack Down on Illicit Diamond Trade