Cecil Rhodes - Diamond Facts & Trivia @ DiamondSource.in

Cecil John Rhodes (July 5, 1853 – March 26, 1902) was a British-born South African businessman, mining magnate, politician and the coloniser of the state of Rhodesia, which was named after him. Rhodesia (later Northern and Southern Rhodesia) eventually became Zambia and Zimbabwe.

Rhodes profited greatly by exploiting Southern Africa's natural resources, proceeds of which founded the Rhodes Scholarship upon his death.

When he died in 1902, Rhodes was considered one of the wealthiest men in the world.

He, along with his business associate C. D. Rudd made some shrewd investments in mining properties in South Africa, culminating in the launching of the famous De Beers Mining Company in 1880.

Earlier, the two had moved from being interested in the Kimberley mine to invest in the more costly claims of what was known as old De Beers (Vooruitzicht) which owed its name to Johannes Nicolaas de Beer and his brother, Diederik Arnoldus de Beer, the original owners of the Vooruitzicht farm.

In 1874 and 1875, the diamond fields were in the grip of depression, but Rhodes and Rudd were among those who stayed to consolidate their interests. They believed that diamonds would be numerous in the hard blue ground that had been exposed after the softer, yellow layer near the surface had been worked out. During this time, the technical problem of clearing out the water that was flooding the mines became serious and he and Rudd obtained the contract for pumping the water out of the three main mines.

In April 1880, Rhodes and Rudd launched the De Beers Mining Company after the amalgamation of a number of individual claims. With £200,000 of capital, the Company, of which Rhodes was secretary, owned the largest interest in the mine.

Though Rhodes can lay claim to have been one of the most prominent businessmen of the 20^th century, he was not a very popular figure, owing to his personality and beliefs.

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Fun! Did you know that some of the frequent typos for the term diamond are: diamonf, diamonfs, diamons, diamong, diamongs, siamonds, fiamonds, xiamonds

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