The Rise and Fall of Diamonds by Edward Jay Epstein

Author:Edward Jay Epstein
Language: eng
Format: epub
Tags: de beers diamonds oppenheimer siberia cartel monopoly south africa kimberley mines gems edward jay epstein
Publisher: Edward Jay Epstein

Oppenheimer personally meet with him and negotiate the ransom. With a Lebanese companion named AM Yaghi and a few hand grenades, Kamil managed to hijack a South African airliner, but the intended victim was not aboard it. Oppenheimer refused to meet with him-or ransom the jet. Kamil finally ordered the pilot to land in Malawi, where army troops shot out the plane's wheels. After a twenty-four-hour siege, Kamil surrendered.

Kamil served only a short time in prison in Malawi and was pardoned. Shortly thereafter, the Anglo-American Corporation paid him about $100,000 that was supposedly additional compensation for his past services. He came out of the diamond war a fairly rich mercenary.

Eventually, the diamond cartel established through a Swiss subsidiary the Outside Buying Office, or OBO, in Antwerp. Working at an arms-length distance, it provided funds to buying agents throughout West Africa to buy up or otherwise prevent gem diamonds from reaching diamond cutters.

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