Now that you know a few more terms and you’re practically “swimming” in diamond-related information, here are a few more things you may want to know.
These are some of the companies and people that have either had a great impact on the industry in the past, continue to have impact at present, or are more than likely to do so in the future.
DE BEERS This company is a household name, the standard against which all other diamond manufacturers are measured. With an estimated $5-6 billion in revenues, De Beers has been around forever and will likely stay here for just as long.
ALROSA The Russian counterpart to De Beers reported revenues of around $4 billion and has become the largest diamond company in the world, all thanks to a single mine in Russia thought to contain almost $4 Billion in diamonds… of which the company claims full ownership.
ANGLO AMERICAN PLC With two headquarters, one in Johannesburg, South Africa and the other in London, England, Anglo American’s diamond production remains among the highest on the planet. They also own several of the world’s richest mines, mostly in southern Africa.
RIO-TINTO Rio-Tinto is different from most diamond companies, in that it is a mine-to-market company. This means that they control every facet of a diamond’s “circle of life” – from the ground to the final stone set in a piece or in a safe. The company owns three mines, including one in Australia, which is known as the world’s leading producer of pink diamonds.
LUCARA This Canadian diamond company had lost 26% of its overall value at one point, but their fortunes changed when a mine owned by the company uncovered the largest diamond found in over a century. With a raw weight of 1,111 carats, this gem-quality stone was worth $150 million, causing the company’s stock to skyrocket.
PETRA DIAMONDS Originally focused almost entirely on exploration, this company has recently shifted its focus towards the production of diamonds. They currently own shares in eight diamond mines, including 5 of the world’s largest and most productive mines.
AVJI DHANJI DHOLAKIA – NET WORTH: $38 BILLION Having dropped out of school at the age of 13 to work in the diamond business that his uncle owned in Surat, this diamond owner has since made it big in the industry. The 56-year-old founded Hari Krishna Exports PVT. Ltd. – a diamond manufacturing and exporting business. The company maintains manufacturing plants at Surat in Gujarat, India and has established their marketing and sales division in Mumbai, India.
HIS ROYAL HIGHNESS PRINCE ALWALEED BIN TALAL BIN ABDULAZIZ AL SAUD – NET WORTH: $20 BILLION The Prince is a Saudi Arabian national and the Chief Executive Officer and Chairman of Kingdom Holding Company. While the majority of people know his nation to be full of oil tycoons, Prince Al Waleed has made his billions in diamonds and other industries.
CHENG YU-TUNG – NET WORTH: $19.5 BILLION Cheng Yu-Tung became the owner of the Cullinan Heritage diamond in 2010. He bought the 507-carat stone for $35.3 million – the most paid for a rough diamond in recorded history. Yu-Tung serves as an honorary chairman of the Hong Kong-based Chow Tai Fook Jewellery Group.
JOSEPH LAU – NET WORTH: $15.4 BILLION Joseph Lau is a Hong Kong billionaire who once purchased the Blue Moon diamond for $48.5 million from a Sotheby’s auction. He named the diamond Moon of Josephine, as he purchased the 12.03 carat diamond for his daughter.
CHRISTO WIESE – NET WORTH: $7.6 BILLION Chirsto Wiese is one of the richest men in South Africa. He helped create a consortium of investors to take over the Trans Hex Group – a Cape Town diamond mining operation.
NICKY OPPENHEIMER – NET WORTH: $6.5 BILLION A member of the richest family in South Africa, Nicky is the 136th richest man in the world and second richest in South Africa. Oppenheimer is a businessman who served as Chairman of the famous De Beers Diamond company, while also owning its subsidiary – the Diamond Trading Company.