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Walter H. Kansteiner, the assistant secretary of state for African affairs, who headed the American delegation here, said the United States' interest was not only in "capping a resource that can fuel a bloody conflict" but also in helping "legitimate and honorable producers of diamonds to market their goods in a clean environment".
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The combination would be the world's biggest producer of diamonds, platinum, chrome and zinc, and the second-largest supplier of coal for steelmakers and copper.
In the international furor that was building, no country stood to lose more than Botswana, the biggest producer of diamonds by value.
FOR years, the image of the De Beers Group, the producer of diamonds based in South Africa, suffered because it effectively controlled the world's diamond supply through its Central Selling Organization in London.
Today, Botswana is the largest producer of diamonds by value in the world and has emerged as a middle-income country with commendable achievements in economic growth, infrastructure development, education and healthcare.
They don't stand a chance, not with the world's largest producer of diamonds, DeBeers, spending $60 million this year just to advertise its rocks, often with ego-taunting slogans like, "Give her something that won't wilt in a week".
The world's biggest producer of diamonds was established in 1888 by Cecil Rhodes.Amid hostile public opinion, the heads of America's oil companies were hauled in front of a Senate committee and questioned about the rise in consumer energy prices and the industry's record profits.
Top executives from De Beers, the supplier of half the world's rough-cut diamonds, met with Russian executives and government officials yesterday in Moscow to persuade them that its new company strategy would not harm the diamond trade in Russia, the world's second-largest producer of diamonds.
Together the two firms would also become the world's leading producer of diamonds, platinum, chrome and zinc, as well as taking second place in copper even as both firms, along with most others in the industry, are slashing capital spending.Mining companies were quick to raise production while commodity prices were hitting new peaks.
Here's a carbon play with a little more sparkle: De Beers, the world's largest producer of diamonds.
It is also the world's largest producer of diamonds and the trade has transformed it into a middle-income nation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com