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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: marcos who wrote (68802)1/4/2007 4:51:22 AM
From: maceng2  Read Replies (1) of 74559
 
Diamonds are just a form of carbon that is in plentiful supply. Governments and environmentally concerned organizations even pay you to get rid of it.

Technology is now available to make diamonds cheap, ultra pure, and as large as you like.

The story is old now.

bbc.co.uk

Diamonds are in fact cheap to produce and would be lower in price if it weren't for the global cartel. Its aim is to maintain a strong monopoly position, an objective which it has successfully achieved for decades. In controlling the diamond market, De Beers has exploited a relatively simple idea: put a stranglehold on production, hold inventory, and limit distribution, thereby keeping prices stratospheric. What makes De Beers so special is its execution. Over the past 60 years the cartel has done for diamonds something that eluded the oil producers of OPEC and even the cocaine barons of the Medellin cartel. De Beers has the muscle and the nerve to impose its own order on the market and has built a dominate juggernaut syndicate. If De Beers were to open its vaults to the world market, diamonds would become as common as rhinestones at a circus, instantly devaluing every stone on every finger, and in every mounting, as if they all came out of crackerjack boxes.*

diamondnexuslabs.com
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