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The Diamond Empire Oppenheimer family\’s cartel, Artificial scarcity (1994)

posted by admin, October 2, 2017 @ 6:37 pm
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Movie: The Diamond Empire Oppenheimer family\’s cartel, Artificial scarcity

  • Director:
  • Stars:
  • Release Date: July 10, 1994
  • Run Time:
  • Genre: Documentary

The Diamond Empire Oppenheimer family\’s cartel, Artificial scarcity: De Beers is able to create an artificial scarcity of diamonds through its wholly-owned Central Selling Organization (CSO), thus keeping prices high. A cartel is a group of formally independent producers whose goal is to increase their collective profits by means of price fixing, limiting supply, or other restrictive practices.

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