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I spent six days exploring three cities in Italy — Venice, Rome, and Milan. It was my first time visiting the country, and I left with regrets.
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In 1910, a young Ernest Oppenheimer wrote a private memo arguing the only way to raise diamond prices was to deliberately restrict supply. The doctrine built De Beers, shaped a century of engagement rings, and quietly underwrites how luxury still works today. Read more ›
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Cecil Rhodes arrived at the Kimberley diamond diggings as a sickly 18-year-old in 1871 and spent seventeen years buying out every rival. By 1889 his De Beers Consolidated Mines controlled roughly 90 percent of the world's rough diamond production — a monopoly that would shape the price of an engagement ring for the next 130 years. Read more ›
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Business Insider
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20.06.2026 09:11
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