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If De Beers can price discriminate perfectly to which customers will sell diamond and at what price?
Wiki User
∙ 10y ago
Any diamond, reagardless of the seller, is worth the price that any buyer will pay for it.
Wiki User
∙ 10y ago
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Who controls more than 80 percent of the world's rough diamond supply?
De Beers
Is de beers a natural monopoly in the worlds diamond trade?
DeBeers controls about 35% of the diamond gemstone industry, according to Time Magazine, November 2010.
How do you shift demand from real diamonds to CZ diamonds?
Good question, but you're up against the advertising might of de Beers et al. CZ is of course softer, and this is one of the important advantages of diamond in that it may be worn daily without any fear of scratching or other wear.
Why is diamond expensive?
You can read several opinions, below. Directly, you can purchase industrial diamonds by the bag full for the price of a latte. Expensive -- gemstone-quality -- diamonds are the most rare in colour, clearest, heaviest and with perfect cuts. You can pay less for a large diamond that is not a top-quality diamond. Only about 20% of all diamonds mined are gem-stone quality and of those only a rare free are truly valuable. ____________________ The real answer is that De Beers created a monopoly over diamond mines in the 19th century. That allowed them to artifically shoot diamond prices up through the roof. Their marketing strategy suggesting that diamonds should cost 2-3 months of an average salary is something they simply made up. Diamonds are not as rare as their prices suggest. They should be half as expensive as they now are. ---------------------- The above is true but depending on the quality of diamonds you are after. Gem or high quality diamonds are in low supply while the lower quality is in huge supply. De beers are in business and aren't always fair to the smaller players in the industry but they certainly don't control nature and you can't force 3 to 10 carat flawless or VSI (very slightly included) diamonds out of the ground. I envision a time when diamond prices will be so high that we'll have to opt for lower quality stones.
What top countries produce diamonds?
Your answer depends on how you define \'produce\'.Diamonds are mined in countries all over the world, except Europe and on the continent of Antarctica.Diamonds are brokered in Europe and in some countries where diamonds are mined.Diamonds are cut and polished in diamond centers in many locations.Diamonds are sold -- both industrial diamonds and gem-quality diamonds -- on every continent except Antarctica.
Who regulates the diamond market and the diamond companies?
DE BEERS WHO regulates the diamond market
What is true regarding de beers diamond mines?
You can follow the link, below, and decide for yourself what is true regarding De Beers diamond mines.
Who was the founder of De Beers?
Cecil Rhodes was the founder of De Beers, a diamond mining company in South Africa. Rhodes founded De Beers in 1888 and played a significant role in the development of the diamond industry.
What are the De Beers?
De Beers is a collection of companies that in the past, has dominated the diamond, diamond mining, diamond shops, diamond trading and industrial diamond manufacturing sectors. Since about June 2013, DeBeers no longer controls market demand the supply of any kind of diamonds.
What are the release dates for De Beers Diamond Mines Kimberly S-A- - 1907?
De Beers Diamond Mines Kimberly S-A- - 1907 was released on: USA: November 1907
The motto a diamond is forever was coined by which company?
De beers
What is the brand name for the tagline 'a diamond is forever'?
De Beers
Who bought the enormous de beers diamond in the early 19th century?
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What percentage of the world's diamond production is controlled by De Beers?
From the www.wikipedia.com :) URL is http://en.wikipedia.org/wiki/DeBeers_Diamond_Corporation Excerpt follows: The various companies within De Beers Diamond Corporation are responsible for around 40% of world diamond production by value.... The sales & marketing arm of De Beers is a company called the Diamond Trading Company (DTC). This company sells almost half of the world's rough diamonds by value...
What is the name of the song played in the De Beers Diamond ad?
Antonio Vivaldi: Tormento- Storm
What is the status of the De Beers diamond settlement?
You can review the site, below, for currency on this class-action.
Who controls more than 80 percent of the world's rough diamond supply?
De Beers
