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Topic: Business
Number of pages / Number of words: 14 / 3902
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Both Rhodes and Barnato set out to dominate the diamond industry by trying to buy up all the shares that came onto the market. Their struggle for control of the only other independent company, 'The French Company' (Compagnie Francais des Mines de Diamant du Cap), was acute, until Barnato merged all his diamond interests in the Kimberley Central Diamond Mining Company and became the owner of the French company...

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Rhodes, through the backing of the Rothschilds managed to buy one-fifth of the company. Both parties ramped up production from their interests to destructive levels until, in 1888, Barnato capitulated and agreed to merge the Barnato Diamond Mining Company with Rhodes' interests to form De Beers Consolidated Mines Ltd...

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