Home arrow Home arrow Oppenheimer, Sir Ernest
Oppenheimer, Sir Ernest PDF Print E-mail
Written by Administrator   
Friday, 21 September 2007

Oppenheimer, Sir Ernest (1880-

1957). Sir Ernest Oppenheimer, who later became universally known as "the King of Diamonds," was born in Freiberg, Germany, in 1880. He started his illustrious career in the diamond industry in 1896, at the age of sixteen, when he joined the London diamond firm of Anton Dun-kelsbuhler & Co. as a sorter and grader. He soon gained a reputation for proficiency, and in 1902, at the age of twenty-two, Dunkelsbuhler's sent him to their office in Kimberley, South Africa, where they needed competent graders. In 1917, he joined an American consulting en­gineer for a gold-mining company

and organized the Anglo-American Corporation of South Africa, Ltd., which was a success from the start. The gold fields in which they held interests were so productive and profitable that Oppenheimer, who had become chairman of Anglo-American, began searching for further opportunities. Keenly aware of the potentialities of the diamond fields of South-West Africa, he bought up mines formerly owned by Germans after the war and amalga­mated them under Consolidated diamond Mines of South-West Af­rica, Ltd., in which Anglo-American held a controlling interest. This act made him an important figure in the diamond-producing world. Within a year, Consolidated Mines was ac­counting for one-fifth of all the dia­monds mined in Africa. In 1926, Sir Ernest was appointed a director of De Beers; later he became chairman. He had De Beers buy out Anglo-American's interest in Consolidated. Then, he set up a firm called the diamond Corporation, Ltd., through which almost all of the world's dia­monds were sold, and the prices regulated. In 1933, he organized a subsidiary firm called the diamond Trading Co., Ltd., to serve as the sole channel through which the diamond producers sold their stocks of gem Diamonds. At the time of his death, on November 25, 1957, Oppen­heimer was a director of 41 com­panies and the chairman of 28 others, including Anglo-American Corporation of South Africa, Ltd., De Beers Consolidated Mines, Ltd., Consolidated diamond Mines of South-West Africa, Ltd., the Dia­mond Corporation Ltd., and Premier

< Prev   Next >

Login Form

Lost Password?
No account yet? Register


diamond engagement rings
buy jewelry online now
romantic advice gifts
romantic gifts
jewelry Diamonds info
getting Diamonds
engagement jewelry Diamond Rings
diamond and education
gemology info on Diamonds
sparkly Diamonds
diamond faculty online
jewelry stones
World Jewel