Who controls the supply and price of diamonds?
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Published in Daily Trivia
Created in 1888, De Beers Consolidated Mines, Ltd. is the most successful cartel arrangement in the annals of modern 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 in price every year since the Depression.
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