De Beers profits fall 92%

Re:De Beers profits fall 92% by jbarciauskas on Friday July 24, 2009 @05:00PM (#722407)

Can't feel too badly for these guys, they've been capitalizing on market inefficiency (the bad kind, anti-competitive actions) for decades. For anyone interested in the diamond industry, this Wired story from 2003 provides some great insight into the cartel: http://www.wired.com/wired/archive/11.09/diamond.html

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Re:De Beers profits fall 92% by absconditus on Friday July 24, 2009 @05:42PM (#722488)

This article is also very good:

http://www.theatlantic.com/doc/198202/diamond

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Re:De Beers profits fall 92% by davidmathers on Friday July 24, 2009 @07:33PM (#722684)

Ever since I read that article, maybe 10 years ago, I've been wondering "If that's all true then why is it taking so long?"

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Re:De Beers profits fall 92% by lincolnq on Friday July 24, 2009 @06:20PM (#722568)

Wow, and written in 1982. Thanks for that.

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Re:De Beers profits fall 92% by Elepsis on Saturday July 25, 2009 @03:17AM (#723078)

The author of that article actually wrote essentially a book on the matter, which is available online for free: http://www.edwardjayepstein.com/diamond/prologue.htm

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