Diamond Cartel › [TRENDING]

The cartel's primary goal was to ensure diamonds remained expensive despite being relatively abundant in nature.

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 Diamond Cartel

: During economic downturns, like the Great Depression, the cartel would withhold supply and stockpile diamonds to keep prices from falling. The cartel's primary goal was to ensure diamonds

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 like the Great Depression