This is a history of the production and marketing of diamonds from the period of the "rush" to Kimberley and the rise of de Beers until the formation of the central Selling Organization by South African producers and London and South African merchants. Based on a wide variety of original sources from public and mining company archives, it is a study of both the politics and business of a South African monopoly which became an international cartel.
'I strongly recommend Colin Newbury's The Diamond Ring written for a specialist scholarly audience.'
Geoffrey Wheatcroft, Daily Telegraph
'Newbury provides a convincing overview'
German Historical Institute London Bulletin, Vol.XIII, No.1, Feb.1991
`This is a major new contribution, not only to South African history, but ... to large sections of world economic history as well. For the first time we have a fully researched and documented history of the South African diamond industry ... No short review can do justice to the scholarship and expertise revealed in this study. Its major new contributions are to emphasize the importance of the dEmand side (diamond merchants) and the role of the state in a
trade which, on its industrial side, became a crucial wartime industry ... Newbury's book truly glitters like a diamond.
'this is a model of business history - a major contribution both to business history and to the history of South Africa'
Simon Katzenellenbogen, University of Manchester, Business History, January 1991
'major contribution ... In his painstaking research through the dense and difficult thickets of official and business archives, Newbury provides a valuable and, sadly, rare insight into South African business history. The book is essential reading for anyone seeking to understand the development of the southern African economy after the 1880s.'
Richard Rathbone, Princeton University, American Historical Review, February 1992