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[email protected] | www.mediaed.org The Diamond Empire Transcript Part 1 begins on pg. 1 Part 2 begins on pg. 15 PART 1: INTRODUCTION NARRATOR: On a hill above Johannesburg is the private estate of one of the wealthiest families on earth. They’ve made their fortune by manipulating markets and fixing prices. Their money has come from ordinary people all over the world who imagine they’re investing in something rare and valuable. But this is a family which deals in illusion. It presides over one of the last great cartels, an extraordinarily successful business empire worth $60 billion. This is the Oppenheimer family and their trade is diamonds. NARRATOR: The richest diamond jewelry market in the world is in New York. It’s a $10.8 billion business. Around 47th Street, there are twenty-five thousand people who buy, cut, polish and sell diamonds, from the most glamorous jewelry to the cheapest mail-order. It’s a highly secretive and risky business. The Oppenheimers themselves declined to help in any way in the making of this film. Bill Goldberg is one of the few top dealers who will talk openly about what he does. BILL GOLDBERG: It’s fascinating, it’s amazing that a lot of men that are ten years younger than I am can’t wait to retire and I can’t wait to get here in the morning at eight o’clock, to produce these beautiful works, these beautiful pieces of art from what looks like a pebble on the beach.