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[31] [34] [9] Oppenheimer was very concerned about the discovery of diamonds in 1908 in German South West Africa, fearing that the increased supply would swamp the market and force prices down. [ 10 ] [ 11 ] Former CIA chief Admiral Stansfield Turner claimed that De Beers restricted US access to industrial diamonds needed for the country's war ...
The sixth-largest diamond in the world, the Jubilee, found at the Jagersfontein Mine. Jagersfontein Mine / ˌ j eɪ ɡ ər z ˈ f ɒ n t eɪ n / was an open-pit mine in South Africa , located close to the town of Jagersfontein and about 110 kilometres (68 miles) south-west of Bloemfontein .
Despite declining production, South Africa's gold exports were valued at US$3.8 billion in 2005. [24] As of end-2018, South Africa had a potential 6000 tonnes of reserves. [25] In July 2018, the Mineral Council of South Africa announced that 75% of mines in South Africa were now unprofitable due to the declining gold reserves. [26]
It is situated close to the South African town of Alldays in the Limpopo province and is located within the 360 km 2 Venetia Limpopo Nature Reserve. The open cast mine is one of De Beers’ six remaining diamond mines in South Africa and the only major diamond mine to be developed in the country during the past 25 years. As such, the mine ...
At the time of discovery, it was the world's second largest gem-quality diamond ever (second only to the 3,106 carat Cullinan). [13] The type IIa diamond [14] was found in the company's Karowe mine in north-central Botswana. The diamond weighs 1,111 carat and measures 65 by 56 by 40 mm (2.6 by 2.2
The Diamond Trading Company (DTC) is the rough diamond sales and distribution arm of the De Beers Group. The DTC sorts, values and sells about 35% of the world’s rough diamonds by value. [ 1 ] The DTC has a combination of wholly owned and joint venture operations in South Africa (DBSSSA), Botswana (DTCB and DBGSS), and Namibia ( NDTC ).
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