The Price of Diamonds is Too High

"The price of diamonds is too high" The development of the diamond industry has exceeded expectations more than a century ago. This diamond has evolved from a small and rare gemstone to a fairly large and powerful symbol of wealth. The industry is managed by a large company De Beers. Wearing beer and the cartel it made established an industry that will last forever. (Spar, 2006) In this article, we will analyze the diamond industry, paying particular attention to the structure of cartels, the future of the system, the diamond price research without a cartel system and the brief history of the diamond industry.

"The price of diamonds is too expensive" International diamond cartels and more famous De Beers use their dominant power and maneuver to create illusions that existed in the diamond market since the founding of the 1880s doing. Rare and rare diamond illusion convinces consumers to eliminate resale options in their eyes as their value lasts forever. - ... Oppenheimer family (involved in De Beers' operation) began offering marketing activities in response to the dramatic decrease in demand (and price) of diamonds. The foundation of the event is "diamond is eternal", later became the company's motto. In order for an event to succeed, De Beers needs to be able to control demand and supply.

There are various ways to evaluate diamonds. Some people see emotional value, and some consider the price of diamonds in the evaluation process. Therefore, it can be said that the price of diamond is too high. In this article I will explain the validity of this statement and explain the diamond industry market, diamond cartel, diamond price setting method and its meaning. - ... Generate output if marginal cost equals marginal profit. As you can see from the graph, the quantities offered are not quite resilient, as indicated by the vertical attributes of the lines. The price of the item is determined by the power of supply and demand. De Beers Manages Suppliers

As of the end of 2008, the price of this gemstone rose to the highest level ever, and the price of the 10-carat "D" perfect diamond was 155,000 dollars, compared with 110 thousand dollars ago six months ago. The surge in the number of wealthy people in China, India, Russia and the Middle East, and the lack of even bigger stones lead to price increases. Notable price increases are price increases at the time of sale. The United States, the world's largest diamond market, was sluggish