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| De Beers has historically held a monopoly in the ] trade. It has been for many years under indictment in the ] for ] violations. However, recently ] interests have captured 20% of the market. De Beers distributes diamonds to favored customers by selecting batches of |
De Beers has historically held a monopoly in the ] trade. It has been for many years under indictment in the ] for ] violations. However, recently ] interests have captured 20% of the market. De Beers distributes diamonds to favored customers by selecting batches of diamonds themselves and offering them as is. Following the distressing use of diamond revenues by African revolutionaries De Beers now sells only diamonds mined from their own mines most of which are in ] and ]. They are currently involved in a joint venture which is developing a diamond prospect in ], ]. | ||
Revision as of 11:47, 30 August 2002
De Beers has historically held a monopoly in the diamond trade. It has been for many years under indictment in the United States for antitrust violations. However, recently Israeli interests have captured 20% of the market. De Beers distributes diamonds to favored customers by selecting batches of diamonds themselves and offering them as is. Following the distressing use of diamond revenues by African revolutionaries De Beers now sells only diamonds mined from their own mines most of which are in South Africa and Botswana. They are currently involved in a joint venture which is developing a diamond prospect in Saskatchewan, Canada.