July 17, 2024
DeBeers was established with the intention of using South African diamond mines. The issue was that, while diamonds were a scarce resource only a few centuries ago, Epstein said that the discovery of incredibly rich mines in South Africa and other African nations was threatening to drive down the costs. Therefore, the founding of DeBeers involved creating a cartel with other producers in a simultaneous effort to control diamond pricing globally.

DeBeers ( Inflated Worth)

DeBeers was established with the intention of using South African diamond mines. The issue was that, while diamonds were a scarce resource only a few centuries ago, Epstein said that the discovery of incredibly rich mines in South Africa and other African nations was threatening to drive down the costs. Therefore, the founding of DeBeers involved creating a cartel with other producers in a simultaneous effort to control diamond pricing globally.

A cartel is an informal but effective arrangement amongst producers of a resource, good, or service to determine the minimum prices to be charged to the general public for these resources, goods, or services. The typical structure of a cartel also ensures that its cartel leader’s directives are followed by the members.

The Sherman Act was enacted into US law in response to the idea of cartels in general. Cartels are unethical because they overcharge consumers by maintaining prices artificially high. They prey on the general mass of consumers. They also oppose free enterprise because they intimidate their suppliers or co-producers, forcing them to comply with cartel rules under penalty of loss of business or even physical harm.

The DeBeers diamonds are mined in South Africa and sold in London at the Diamond Trading firm, a DeBeers affiliate, at that address. Purchasers from the New York City diamond district, both retail and wholesale buyers, travel there to see what DeBeers has to offer in order to stay in business. A bag of diamonds is given to the diamond distributor by the DeBeers employee in a cramped area. Diamonds cannot be purchased individually by the retailer. Either he takes the entire bag, or he doesn’t.

The retailer also makes a bid for the bag, and the negotiation moves forward based on that. Retailers are extremely wary of dealing with DeBeers because if they reject the bag, make a lowball offer, or otherwise behave like second-class citizens in the diamond trade, DeBeers will either stop offering them new bags of diamonds to buy or will only offer them bags of poor quality diamonds that are difficult to distribute.

Read more: https://www.professionaljeweller.com/bbc-podcast-brands-de-beers-founder-evil/

Colaboration with Nazi?

This tale recounts the involvement of the De Beers diamond cartel in perhaps intentionally assisting the Nazi war effort by supplying them with industrial diamonds despite being aware of the Allied opposition. According to the OSS report the British intelligence mission to provide diamonds, to the Nazis was poorly executed, sparking moral dilemmas regarding De Beers responsibilities.

It is worth noting that while evidence suggests De Beers showed a lack of concern for the repercussions of their actions there is no proof that they actively sought to prolong the war or supported the Nazi regime intentionally. Nonetheless their focus on profit and disregard for suffering resulting from their sales is disconcerting.

The narrative shared by Epstein unveils a chapter in the history of diamonds and the diamond industry. The knowledge that these transactions allowed the Nazis to sustain their war efforts for a ten months leading to hundreds of thousands of casualties renders it a morally reprehensible episode.

The issue of accountability for this period in history remains unresolved. While De Beers may not have been directly responsible, for these deeds their role as enablers cannot be overlooked.
The diamond industry must acknowledge its past. Use it as a driving force, for positive change and openness in their future operations.

The fact that De Beers managed to avoid consequences despite violating laws on a scale raises concerns that warrant further examination. Governments and global organizations must ensure that companies are held responsible for their actions especially when they can greatly impact lives.

In summary this narrative emphasizes the significance of business conduct, corporate accountability and the necessity for transparency in all sectors those, with extensive global reach and influence. It also highlights the value of reflecting on history to shape a brighter tomorrow.

The Founder of DeBeers | Cecile Rhodes

The infamous Cecil Rhodes, a name that stirs both admiration and criticism stands as a figure, in the history of colonialism and imperialism. Starting from origins in England to his rule over extensive African territories Rhodes has left an enduring impact on global affairs. This detailed examination delves into the life deeds and lasting influence of the individual famously referred to as “The Colossus of Rhodes.”

Cecil John Rhodes, born on July 5 1853 in Bishops Stortford, England was destined for greatness since his days. His ambition and shrewdness propelled him from an upbringing to emerge as one of the significant personalities during the Victorian era. However beneath his veneer of success existed a reality – Rhodes ardently supported imperialism and racial dominance while showing a tendency to exploit indigenous populations and accumulate wealth by any means necessary.

Early. Climb to Prominence

Rhodes journey commenced in the landscapes of Hertfordshire where he spent his youth dreaming of adventures and conquests. Despite his performance Rhodes possessed sharp intellect and an unquenchable thirst, for power and affluence. His determination led him to the diamond fields, in South Africa, where he found wealth and set the stage for his dreams of power.

Rhodesia; A Reflection on Colonialism

When talking about Cecil Rhodes one cannot ignore the impact of Rhodesia. The region named after him. His relentless pursuit of land and resources led to the displacement and oppression of Africans leaving a trail of destruction behind. The effects of colonialism still linger in present day Zimbabwe and Zambia where echoes of Rhodes oppressive rule are felt.

Political Power and Imperial Ambitions

Rhodes did not settle for accumulating riches; he aimed to influence nations and reshape Africas map to his liking. Through a mix of strategies and forceful actions he expanded his reach setting the stage for dominance, in Southern Africa. His grand vision of a British Empire drove him to pursue ambitious plans regardless of the human toll.

The Rhodes Scholarship; A Controversial Heritage

Although Rhodes is remembered in history books his lasting legacy could be the Rhodes Scholarship. An academic prize awarded to students worldwide.
However hidden behind the mask of charity is a past marked by exploitation and elitism. Critics claim that the scholarship program perpetuates Rhodes history of inequality and colonial domination sparking calls, for its abolition or restructuring.

Rhodes Beliefs on Race and Empire

At the core of Rhodes beliefs was the idea of supremacy and a divine mandate to govern over “populations. His speeches and writings were filled with language and paternalistic justifications for imperialism portraying an image of a man driven by his own sense of entitlement. Despite this Rhodes racial views have faced criticism with scholars and activists denouncing his legacy of prejudice and subjugation.

Cecil Rhodes and the De Beers Monopoly

Aside from his pursuits Rhodes also held sway over the diamond industry through his ownership of De Beers Consolidated Mines. By monopolizing diamond production and distribution Rhodes amassed wealth and influence while exploiting laborers and harming the environment. The legacy of De Beers continues to loom over the diamond trade underscoring the lasting impact of Rhodes economic imperialism.

Rhodes Influence, on African History

The impact of Rhodes actions is still evident, across Africa, where the effects of colonialism shape social and economic landscapes. The arbitrary borders imposed by powers and the lingering effects of racism and inequality attest to Rhodes enduring influence on history. Yet there is a growing movement among scholars and activists to challenge narratives and shed light on overlooked perspectives.

Reflecting on Public Commemorations

Despite his past Cecil Rhodes is honored in circles through statues and monuments that stand as tributes in Southern Africa and beyond. Nonetheless recent years have witnessed an increasing push to reevaluate Rhodes historical significance and either remove or provide context for his commemorations. The ongoing debate surrounding memory reflects societal divisions concerning issues of identity, legacy and justice.

Controversy Surrounding Rhodes Historical Impact

The question of Cecil Rhodes legacy sparks discussions, among historians, politicians and everyday individuals alike.

Recent Articles of Interest

Three Palestinians killed as jewellers search for bargains (Sean Clinton, Op-Ed News, 31/08/2013)
Are Sotheby’s Steinmetz diamonds blood diamonds? (Sean Clinton, Op-Ed News, 02/07/2013)
Israeli blood diamond agreement scuppered by BDS activists (Sean Clinton, Op-Ed News, 16/05/2013)
Israeli Authorities drop a major fraud investigation to protect the Israeli Diamond Industry (Sean Clinton, Op-Ed News, 09/04/2013)
Hollywood blinded by the Bling – Diamonds are for Never (Sean Clinton, Op-Ed News, 21/02/2013)
Diamond industry spin conceals on-going trade in Blood Diamonds (Sean Clinton, Op-Ed News, 10/01/2013)
Blood Diamonds – Fresh Graves in Gaza (Sean Clinton, Op-Ed News, 9/12/2012)
Israel’s greatest fear – its diamond trade exposed
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Israeli Blood Diamonds: The Global Cover-Up
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Queen Elizabeth II’s Diamond Jubilee used to promote diamond brand that supports a Unit of the Israeli military’s notorious Givati Brigade (Sean Clinton, IPSC wesbite, 4/6/2012)
Israel’s blood diamonds: Why the free pass from regulators and civil society? (Sean Clinton, Rabble.ca, 30/5/2012)
Jewellers Profit While Palestinians Bear The Cost (Sean Clinton, Al Akhbar, 17/5/2012)
The diamond industry’s double-standard on Israel (Sean Clinton, The Electronic Intifada, 23/06/2011)
Israel’s blood diamonds (Sean Clinton, The Electronic Intifada, 29/03/2010)

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True Crimes Daily

85-year-old dad arrested for allegedly fatally shooting son during fishing tournament

OVINGTON, Ga. (TCN) -- An 85-year-old man was taken into custody for reportedly shooting and killing his 60-year-old son during a fishing tournament last week.

On Friday, July 12, at 6:55 p.m., Covington Police Department officers responded to a shooting call on Lakeview Drive and found Troy Eaton dead inside a building on the property. Police said the suspect, Wayne Eaton, was still on the scene when officers arrived, and he was taken into custody.

Newton County Jail records show Eaton was booked on charges of malice murder and possession of a firearm.

WAGA-TV reports Eaton and police engaged in a "short standoff," but he eventually surrendered to police.

The Eaton family reportedly organized weekly fishing tournaments at Lakeview Drive Lakes, which was located on land that Troy Eaton owned.

Troy Eaton’s daughter, Tiffany Eaton-Cartledge, shared his obituary and said her father was supposed to get married on Aug. 18, his late mother’s birthday.

MORE:

Press Release - Covington Police DepartmentFather arrested for murder of son, beloved Covington fisher Troy Eaton - WAGANewton County Jail inmate information

Body parts found in black bags on New Jersey property amid separate death investigation

OCEAN COUNTY, N.J. (TCN) -- Four people face charges after detectives reportedly found the remains of a homeowner during a separate death investigation.

According to the Ocean County Prosecutor’s Office, on June 27, Manchester Township Police responded to the area of Ridgeway and Hope Chapel roads, where they found 25-year-old Gabriella Caroleo with a gunshot wound to her stomach. She was transported to a hospital and died from her injuries.

Investigators identified 35-year-old Maxwell Johnston as the primary suspect in Caroleo’s death and began a search for him. The manhunt ended July 5 when multiple law enforcement agencies tracked him to a home on Ravenwood Drive in Toms River, according to prosecutors.

At the home, U.S. Marshals reportedly called out three occupants, 42-year-old Danielle Bolstad, 34-year-old Jared Krysiak, and 36-year-old Jarred Palumbo, but Maxwell and another individual, 29-year-old Elizabeth Mascarelli, remained inside. Authorities learned Johnston was possibly armed. A standoff ensued as negotiators tried to get him to surrender.

According to the prosecutor’s office, Mascarelli exited the home several hours later and was transported to a hospital for injuries she suffered during the standoff. Using a drone, officials reportedly cleared the residence and found Johnston deceased with an apparent self-inflicted gunshot wound to the head.

Further investigation revealed Mascarelli allegedly allowed Johnston to stay at the home for several days, and she knew about Caroleo’s death. The prosecutor’s office initially charged Mascarelli with harboring a fugitive from justice, and she was booked into the Ocean County Jail.

As the investigation continued, officials "discovered evidence that a murder may have been committed at the Ravenwood Drive residence on or about July 3, 2024." Authorities determined they might find evidence at another property in Jackson Township and executed a search warrant there on July 12. During the search, detectives reportedly found body parts in black bags, additional evidence, and a gun belonging to Mascarelli.

According to the prosecutor’s office, the medical examiner’s office performed an autopsy the following day and positively identified the victim as the owner of the Ravenwood Drive home, 56-year-old Kerry Rollason. Rollason reportedly died of multiple gunshot wounds and blunt force trauma, and his death was ruled a homicide.

Prosecutors allege Johnston killed Rollason, and Mascarelli, Bolstad, and Krysiak helped the suspect dismember his body. Palumbo allegedly assisted in the disposal of Rollason’s remains in Jackson Township.

Officials have arrested Palumbo, Bolstad, and Mascarelli. Mascarelli faces charges of hindering apprehension, desecration of human remains, being a certain person not to possess a weapon, possession of a weapon for an unlawful purpose, unlawful possession of a weapon, and possession of a defaced weapon. Bolstad, Krysiak, and Palumbo all face charges of hindering apprehension and desecration of human remains.

As of July 15, prosecutors said Krysiak has not yet been arrested and is considered a fugitive from justice. Authorities have issued a warrant for his arrest and added his name to the National Crime Information Center Database.

MORE:

Four Charged with Hindering Apprehension and Desecration of Human Remains - Ocean County Prosecutor's OfficeManchester Man Wanted for Murder, 7/3/2024 - Ocean County Prosecutor's Office

Brazilian mother’s mutilated body found on side of the road in rural Michigan

NORTHFIELD TOWNSHIP, Mich. (TCN) -- A 57-year-old man faces charges in connection with the death of a Brazilian tourist whose remains were found in rural Michigan last month.

According to the Northfield Township Police Department, on Sunday, June 30, pedestrians found the body of 42-year-old Suzan Barbosa-Ferreira in a culvert along a dirt road. WJBK-TV reports that the victim’s remains had been mutilated. Barbosa-Ferreira’s family members told the news source she lived in Brazil but had been traveling at the time.

Investigators with the Dearborn Police Department worked with Northfield Township Police and learned the victim’s last known location was a home in Dearborn. Authorities identified 57-year-old Fareed Hajjar as the primary suspect in the case and arrested him on July 9.

Hajjar allegedly was an acquaintance of Barbosa-Ferreira. Family members reportedly said the victim missed a flight to North Carolina, her next destination. Barbosa-Ferreira’s relatives then tracked Barbosa-Ferreira’s phone to the suspect’s residence, WJBK reports.

On July 12, the Washtenaw County Prosecutor’s Office charged Hajjar with two counts of dead bodies –– disinterment and mutilation and concealing the death of an individual. A judge set his bond at $2 million.

MORE:

Charges announced against Dearborn man in connection to a multi-county death investigation - Dearborn Police DepartmentCharges announce against Dearborn man in connection to a multi-county death investigation - Northfield Township Police DepartmentBrazilian mom's body found dumped in rural Michigan township; Dearborn man arrested - WJBK

85-year-old dad arrested for allegedly fatally shooting son during fishing tournament

OVINGTON, Ga. (TCN) -- An 85-year-old man was taken into custody for reportedly shooting and killing his 60-year-old son during a fishing tournament last week.

On Friday, July 12, at 6:55 p.m., Covington Police Department officers responded to a shooting call on Lakeview Drive and found Troy Eaton dead inside a building on the property. Police said the suspect, Wayne Eaton, was still on the scene when officers arrived, and he was taken into custody.

Newton County Jail records show Eaton was booked on charges of malice murder and possession of a firearm.

WAGA-TV reports Eaton and police engaged in a "short standoff," but he eventually surrendered to police.

The Eaton family reportedly organized weekly fishing tournaments at Lakeview Drive Lakes, which was located on land that Troy Eaton owned.

Troy Eaton’s daughter, Tiffany Eaton-Cartledge, shared his obituary and said her father was supposed to get married on Aug. 18, his late mother’s birthday.

MORE:

Press Release - Covington Police DepartmentFather arrested for murder of son, beloved Covington fisher Troy Eaton - WAGANewton County Jail inmate information

Brazilian mother’s mutilated body found on side of the road in rural Michigan

NORTHFIELD TOWNSHIP, Mich. (TCN) -- A 57-year-old man faces charges in connection with the death of a Brazilian tourist whose remains were found in rural Michigan last month.

According to the Northfield Township Police Department, on Sunday, June 30, pedestrians found the body of 42-year-old Suzan Barbosa-Ferreira in a culvert along a dirt road. WJBK-TV reports that the victim’s remains had been mutilated. Barbosa-Ferreira’s family members told the news source she lived in Brazil but had been traveling at the time.

Investigators with the Dearborn Police Department worked with Northfield Township Police and learned the victim’s last known location was a home in Dearborn. Authorities identified 57-year-old Fareed Hajjar as the primary suspect in the case and arrested him on July 9.

Hajjar allegedly was an acquaintance of Barbosa-Ferreira. Family members reportedly said the victim missed a flight to North Carolina, her next destination. Barbosa-Ferreira’s relatives then tracked Barbosa-Ferreira’s phone to the suspect’s residence, WJBK reports.

On July 12, the Washtenaw County Prosecutor’s Office charged Hajjar with two counts of dead bodies –– disinterment and mutilation and concealing the death of an individual. A judge set his bond at $2 million.

MORE:

Charges announced against Dearborn man in connection to a multi-county death investigation - Dearborn Police DepartmentCharges announce against Dearborn man in connection to a multi-county death investigation - Northfield Township Police DepartmentBrazilian mom's body found dumped in rural Michigan township; Dearborn man arrested - WJBK

Man accused of fatally shooting wife, in-laws, and 2 young sons at home

ALAMEDA, Calif. (TCN) -- A Northern California man was arrested for allegedly killing five of his family members, including his two sons, ages 6 and 1.

Alameda Police Chief Nishant Joshi said in a press conference that on the evening of July 10, someone called 911 to report their neighbor had been shot on the 400 block of Kitty Hawk Street. Officers arrived and started assisting the injured victim, then found out about additional victims at a residence nearby. Police went to the other house and were met by 54-year-old Shane Killian, who was detained at the scene.

Joshi said four adults and one child were declared deceased, while the 1-year-old was taken to the hospital in critical condition. Alameda Police identified the victims as Killian's wife, father-in-law, mother-in-law, and 6-year-old son. The 1-year-old son died from his injuries on July 15.

The father-in-law was reportedly the victim who sought help at the neighbor's home before he died.

Joshi said officers recovered "multiple" firearms from Killian's house.

The Alameda County District Attorney's Office announced July 12 that Killian was being charged with four counts of murder, one count of attempted murder, corporal injury to a relationship partner, elder or dependent adult abuse, infliction of injury, possession of an assault weapon, and possession of an unconventional pistol.

As of Tuesday, July 16, the district attorney's office has not shared amended charges reflecting the 1-year-old child's death.

Investigators are still working to determine a motive for the shooting.

Joshi said, "This is a tragic and sad incident. These are the actions of a coward."

MORE:

Alameda police share latest on shooting that killed 4 family members - KRON-TVUpdate on Shooting Incident in the City of Alameda - Alameda Police Department1-year-old dies from shooting injuries - Alameda Police DepartmentAlameda County District Attorney Pamela Price Charges Father for Alleged Mass Shooting of Family Members - Alameda County District Attorney's Office

History of Serial Killers, Mass Murderers and Evil | Evilhumans