Diamond Cartel Site

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

: 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 The cartel's primary goal was to ensure diamonds