Diamond Cartel Apr 2026

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

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 "Diamond Cartel" primarily refers to the historic