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For that Jewish persons, who lived for centuries m continual anxiety of expulsion from their residences, diamonds turned a rational means of storing and preserving their wealth.
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It absolutely was a normal company for your Jews scattered throughout central Europe: Since they were being moneylenders, they had to issue by themselves with examining, restoring, and selling gems that were presented to them as collateral for financial loans. Additionally they experienced near connections Along with the Jewish buying and selling centers inside the Ottoman Empire through which all of the Indian diamonds passed.
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After developing his corporation, Oppenheimer quickly shifted his interest from gold back again to diamonds. As early as 1910, he experienced concluded inside a memorandum that "the only approach to increase the price of diamonds is to produce them scarce, that's, to cut back output.
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He personally produced a world corporation by which the German interest might be subtly subtle with those of buyers of other nationalities. He blended into this new corporation the percentages and options that he had attained to be a offer maker and likewise several pursuits that were acquired by his cousins and various family members in South Africa.
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