Less about the diamond business than about DeBeers in general. Like any cartel, DeBeers attempts to manipulate the price of the particular product whic they produce. Why this seems scandalous in light of the fact that it's what they've been doing for over a century now is a mystery to me.
DeBeers does NOT control the diamond market. DeBeers controls the retail diamond market, and like any other cartel-controlled sector it is corrupt on all levels (the chain of operations from DeBeers' mines to the jewelry store in the mall is not so different from the old chain of operations that started at Medellin and ended on the local streetcorner.) There is a whole great big world out there not under the control of DeBeers, and some of it produces diamonds. There are coloured diamonds. There is the highly-lucrative diamond aftermarket. There are the industrial applications for diamonds. DeBeers does not have a lock on any of these. As an aside, twenty-one years after the linked article was published the predictions made regarding diamond prices have still not come true. Frank --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
