Beginnings and growth The region was originally
colonized by the Dutch, who established sugar plantations in the regions of
Demerara and
Essequibo in
the Guianas. The colonies of
Berbice, Demerara, and Essequibo were merged to form
British Guiana in 1831, and in 1834, the British Empire abolished
slavery, with a transitional "apprenticeship" period lasting until 1838. to forty-four in 1908 to eight in 1959.
Independence, government mismanagement, and rebound In 1966, British Guiana declared independence and changed the country's name to Guyana. By this point, only five distilleries were left in the country. In 1970, the British Navy discontinued the practice of the daily rum ration, and around this time, dark rum was falling out of favor, replaced by a boom in demand for cheap, light, white rum, such as those of
Bacardi or
Havana Club. During a period of
increasing socialism in the region, under the leadership of Prime Minister Forbes Burnham, Guyana nationalized major industries, including the production of sugar and rum. However, the economy declined in the decade following this decision, and the economy was described by Guyana's Ministry of Finance as a "one-party administrative dictatorship" as "the Government pursued policies of mismanagement" using "political interference, compounded by poor management". Sugar production, rum production, and wages all fell catastrophically. During this time, in 1975,
Yesu Persaud became the executive chairman at Diamond Liquors Limited. He led the initiative to combine the three last remaining distilleries, Diamond, Uitvlugt, and Enmore, into a single state-run company, Guyana Liquor Company, and oversaw the closing of all other distilleries in the country. Soon after, the government began a process of divesting and privatizing these industries, and the new government under Prime Minister Desmond Hoyt asked the Booker group to come back to Guyana in 1990. With the closure of Uitvlugt distillery , Diamond became the last distillery to continue operating in the country. 1992, DDL released their house-branded rum, El Dorado, and later rebranded their entry level rums to Diamond Reserve, keeping El Dorado for their more premium offerings. On September 27, 2024, a fire destroyed DDL's power station, causing the company to have to rely on temporary power solutions. ==Organization==