FAC1502 Assignment 2 2024

FAC1502 Assignment 2 2024 Before the discovery of South African's diamond deposits, the worlds two major producers were India and - ANSWER-Brazil. Cecil Rhodes main competitor in his early attempts to control diamond production was - ANSWER-Barney Barnato. De Beers Consolidated Mine Ltd, was named after - ANSWER-the answers of a farm where one of the first diamond rushes took place. De Beers requires its sligholders to have an excellent reputation in the industry and - ANSWER-the financial strength to make large purchase commitments. Diamond sources started appearing in South Africa during the - ANSWER-1860s. In the diamond trade, the word "special's refers to - ANSWER-diamond rough over 10.80 cts. Oppenheimer's answer to low diamond demand in the 1930s was to - ANSWER-shut down operations at De Beers mines. Sightholders purchase diamond rough by - ANSWER-attending invitation - only trading events. The Central Selling Organization was a - ANSWER-rough diamond distribution agency. The diamond Information Center and the Diamond Promotion Service were created to - ANSWER-assist in diamond marketing efforts. The group that united in 1890 to buy and sell all of the output of the major diamond producers, including De Beers, was the - ANSWER-London Diamond Syndicate. The path diamonds followed from mine to consumer was called the - ANSWER-diamond pipeline. The soft, diamond bearing material near the surface of a diamond field was named - ANSWER-yellowground. The south African diamond rush was sparked by - ANSWER-the discovery of the Star of South Africa. Who established De Beers Consolidated Mines Lts. In 1888? - ANSWER-Cecil Rhodes.