It is True to say that during the most of the 1900s, the South African De Beers organization was seen as having a monopoly.
He acquired as many diamond mine claims as he could, establishing the company's first South African mining monopoly. Their primary stranglehold over the diamond market began with this one. De Beers continues to buy diamonds from other businesses directly as well as mines.
De Beers focuses in industrial diamond production, retail diamond sales, and trading diamonds. De Beers was the exclusive supplier of raw diamonds from its founding in 1888 until the beginning of the twenty-first century, and it was seen as a monopoly.
Allegations. The allegations claimed that by aggressive supply and pricing control, collusive agreements with rivals, suppliers, and distributors, and a market dominance of almost 90% in the markets for raw and polished diamonds, De Beers had established a global cartel.
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