De Beers once commanded a monopoly on the diamond market, but its share has fallen. Economic conditions led the company to cutting prices by 10% at the start of the year, Bloomberg reported citing ...

More recently, De Beers held a near perfect monopoly on the diamond trade, controlling up to 85% of distribution. During the 2000s, the company was found guilty of price fixing and manipulation.

It doesn’t need to appear at all, for 80% of the world’s diamonds are sold through De Beers. Cut to Size. As the world’s biggest private monopoly, De Beers has trebled its sales of diamonds ...