“After the great stock market crash of 1929, Oppenheimer realized that demand and sales would drop, while production continued. In 1930 he set up a new company, the Diamond Corporation Limited, specifically to bear the costs of keeping large stocks of diamonds off the sales market, while assuring some kind of cash flow to the producers. Oppenheimer was chairman of both De Beers and the Diamond Corporation by this time, and De Beers and the Rothschilds actually provided most of the cash for four years. ”

“After the grea…


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s