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In the late 19th century, diamonds were discovered in South Africa, leading to a diamond rush that would transform the country.
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The discovery of diamonds in South Africa coincided with the industrial revolution and the rise of diamond cutting and polishing technology, leading to an explosion in demand for diamonds.
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The De Beers Mining Company was established in 1888 by Cecil Rhodes, a British entrepreneur and imperialist. De Beers became the dominant force in the diamond industry,
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The diamond industry has not been without controversy, with the term “conflict diamonds” referring to diamonds that are mined in war zones and sold to finance armed conflict against governments.