description De Beers Overview
Founded in 1888 by Cecil Rhodes in Kimberley, South Africa, De Beers Consolidated Mines became one of the most influential companies in the global diamond industry. For much of the twentieth century it maintained control over diamond production and distribution through its Central Selling Organisation, regulating supply to stabilize prices. The company originated the advertising slogan 'A Diamond is Forever' in 1947, which helped establish diamond engagement rings as a widespread cultural practice. Headquartered in London, De Beers operates mining operations in southern Africa and Canada.
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