4 ms·
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 interest
by jbarciauskas 17y ago
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 http://www.wired.com/wired/archive/11.09/diamond.html
- absconditus 17y agoThis article is also very good: http://www.theatlantic.com/doc/198202/diamond http://www.theatlantic.com/doc/198202/diamond
- lincolnq 17y agoWow, and written in 1982. Thanks for that.
- davidmathers 17y agoEver 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?"
- Elepsis 17y agoThe 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 http://www.edwardjayepstein.com/diamond/prologue.htm