Debeers

debeers  When you hear diamonds what do you recall?? Most people think of a wedding rings and how expensive they ar. Well when close to people hear the word diamonds they might think of a company called De Beers and how they are considered a cartel. De Beers proved to be the some successful cartel arrangement in the annals of new-made commerce. While other commodities, such as gold, silver, copper, rubber, and grains, fluctuated wildly in response to economic conditions, diamonds have continued, with few exceptions, to advance upward(a) in price every year since the Depression.

(the Economist, p17, June 3rd 2000) by the years De Beers has sort of monopolized the diamond market. Since the company has broken anti trust laws they are not allowed to sell in the united States. Diamonds are said to be highly over rated because in that respect is plenty of them but only so many are sold while the rest ar...If you want to get a full essay, order it on our website: Orderessay

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