Diamond Cartel May 2026

: "Sightholders" (authorized buyers) were offered "boxes" of diamonds at a fixed price with no room for negotiation . If a buyer refused a box or tried to resell rough stones elsewhere, they were blacklisted from future sales. 2. Marketing: "A Diamond is Forever"

: During economic downturns, like the Great Depression, the cartel would withhold supply and stockpile diamonds to keep prices from falling. 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 : "Sightholders" (authorized buyers) were offered "boxes" of