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He took control of De Beers in 1929 and became its chairman the same year, followed by his son Harry Oppenheimer in 1957 and his grandson Nicky Oppenheimer in 1998. [ 3 ] [ 4 ] In 2011, the family sold its remaining 40 per cent stake in De Beers to Anglo American for $ 5.1 billion in cash. [ 5 ]
Sir Ernest Oppenheimer KStJ (22 May 1880 – 25 November 1957) was a diamond and gold mining entrepreneur, financier and philanthropist, [1] [2] [3] who controlled De Beers and founded the Anglo American Corporation of South Africa.
De Beers Diamond Jewellers (DBDJ) was established in 2001 as a 50:50 joint venture between The De Beers Group of Companies and LVMH, the French luxury goods company. [81] The first De Beers boutique opened in 2002 on London's Old Bond Street as the brand's flagship store. Since then, stores have opened in various cities around the world.
De Beers tried its hand at growing a lab-grown diamond jewelry business for six years before ditching it earlier this year. But a segment of that failed attempt has flourished—and it has nothing ...
Federal prosecutors have charged the founder of an education-technology startup spun out of Harvard who was recognized on a 2021 Forbes 30 Under 30 list with fraud. ... Smith-Griffin was arrested ...
The FBI arrested the founder of a Washington, D.C., nonprofit that served homeless LGBTQ youth on money laundering and fraud charges after her return to the United States from El Salvador.
The Millennium Dome raid was an attempted robbery of the Millennium Dome's diamond exhibition in Greenwich, South East London occurring on 7 November 2000. A local gang planned to ram-raid the De Beers diamond exhibition, which was held in the riverside Dome.
The De Beers diamonds antitrust class action sought to end an alleged 60-year conspiracy to fix the price of rough diamonds in the U.S. by the De Beers group of companies. The litigation includes several cases including Hopkins v. De Beers Centenary A.G., et al., No. CGC-04-432954, which commenced on July 24, 2004, and Sullivan v.