Diamond Cartel -

The "Diamond Cartel" primarily refers to the historic monopoly maintained by , which controlled up to 90% of the world’s diamond supply for over a century. This guide outlines how they operated, their marketing genius, and why their absolute control eventually faded. 1. The Strategy: Artificial Scarcity

: De Beers formed the Central Selling Organization (CSO) to act as a single gateway. They bought rough stones from other miners to prevent them from hitting the open market and lowering prices. Diamond Cartel

Since diamonds have little practical "use-value" for consumers, De Beers had to create a psychological one. Why The Diamond Cartel Is So Long Lasting Economics Essay The "Diamond Cartel" primarily refers to the historic