Which South African corporation, founded by Cecil Rhodes, held a near-total monopoly on the global diamond industry for over a century?
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De Beers
De Beers controlled the supply of diamonds by stockpiling them and releasing them slowly to the market to keep prices high, a practice that lasted until the early 21st century.
Also asked as:
- What company, established by Cecil Rhodes, dominated the world's diamond supply for over 100 years?