Are mined diamond prices artificially manipulated? Does DeBeer's have a monopoly?

talk-admin

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#1
Hi all,
I continue to see incorrect claims regarding the pricing of mined diamonds and after seeing one too many false claims of this on our FB page, decided to write a short article explaining that these type of false claims need to go back to the 80's when they were actually true :)

Full article is here:
Are mined diamond prices artificially controlled? Does DeBeers still have a monopoly?
Are mined diamond prices artificially controlled? Does DeBeers still have a monopoly?

Short answer is mined diamond prices are set by market supply and demand and have been since 2005. DeBeers liquidated their stockpile from 2000-2004 because it was too costly to continue it. And diamond prices went on to record highs by 2011 (under normal market pricing) though they have been on slow decline since.

Best regards,
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