3. De Beers is the Most Powerful Diamond Cartel in the World

Ever heard about a guy named Cecil Rhodes? I’m sure you did, I’m sure you’ll agree that this fella has one really interesting resume and I’m also sure you’re wondering what does he have to do with facts about diamonds! Well, I won’t keep you guessing for much longer then so hope you like success stories as his is definitely one of them. Mr. Rhodes is the founder of De Beers, the most powerful diamond company today (yesterday and tomorrow included). De Beers mines diamonds, De Beers sells diamonds and since De Beers controls a staggering 70% of the diamond market, it wouldn’t be wrong to say that De Beers decides who gets which diamonds, when and under which terms. Not so bad – Right?