Is it a crack or a scratch? De Beers. From: The Economist (US) | Date: September 12, 1992 | COPYRIGHT 1992 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

De Beers has dominated the diamond trade for almost sixty years, keeping prices artificially high by controlling the amount of stones that make it to market through its worldwide cartel. Now Russian diamond producers starved for cash are threatening to flood the market and break the De Beers' stranglehold.

"A DIAMOND is forever" boast the glamorous advertisements of De Beers, the South African firm which controls the world's diamond trade. True, diamonds are famously durable. But as...

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