Note: the diamond pictured is from the Letseng Mine in Lesotho The world's 19th largest diamond was unearthed this week in the Cullinan Mine in South Africa. The type II white diamond weighs in at 507.55 carats and is worth upwards of $18.5 million.
Petra Diamonds owns a 37% interest in the mine, Saudi economic group Al Rajhi owns 37%, and the remaining 26% is owned by Petra's Black Economic Empowerment partners, which includes a workers' share trust. Despite the BEE partners ownership share, complaints of discrimination abound at the mine. Allegedly, white workers are paid more than Black workers for the same jobs, whites receive preference for promotions, and the majority of supervisors are still white. Petra Diamonds bought the mine from de Beers last year. De Beers operated and profited greatly from the mine throughout South Africa's system of apartheid. The mine produces a quarter of the world's diamonds.
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All I would need is one of those mofos. Just one. I'm not greedy.
ReplyDeleteAll those diamonds and Black Africans do not profit from them. Rich European companies own the mines and get unbelievably wealthy from each and every find.
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