A Diamond Monopoly is Not Forever

Not like any of us will cry for them any time soon, but it sounds like DeBeers’ world domination of diamonds has hit a snag:

De Beers once controlled (though did not mine directly) some 80% of the world supply of rough stones. As recently as 1998 it accounted for nearly two-thirds of supply. Today production from its own mines gives it a mere 45% share. Only a contract to sell Russian stones lifts its overall market share to around 55%.

[from The Economist]

Post a Comment

Your email is never published nor shared. Required fields are marked *

*
*