Comment by fhn
11 hours ago
so DeBeers just buys up all the labs that grow them and still have a monopoly. Lower the price competition appears and raise the price when competition goes bankrupt. Sort of like Amazon.
11 hours ago
so DeBeers just buys up all the labs that grow them and still have a monopoly. Lower the price competition appears and raise the price when competition goes bankrupt. Sort of like Amazon.
The process to make diamonds is open to anyone and has a lot of industrial uses apart from jewelry so not possible for Debeers to monopolize the market they can crash the prices but increasing prices won't be possible.