Diamond Monopoly Revealed
The late nineties diamond trade was dominated by De Beers, which controlled the distribution through its Central Selling Organization in London. Site holders, chosen for their purchasing power and reputation, faced a stark choice: pay the set price or lose access to the diamonds altogether. This stark power dynamic mirrors historical colonial practices, revealing the monopolistic grip De Beers had on the industry.In this clip
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Why are we still buying diamonds?
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