Where Diamonds are Found: Fast Facts
- Everywhere
- In the Vaults of De Beers company to ensure price increases and govern supply
- Diamonds are not rare.
- It is difficult to resell a diamond – Read More
- Diamonds to not hold value
- Diamonds have no real value only the one created by De Beers
According to Epstein (1982) “In the winter of 1978, diamond dealers in New York City were becoming increasingly concerned about the possibility of a serious rupture, or even collapse, of the "pipeline" through which De Beers's diamonds flow from the cutting centers in Europe to the main retail markets in America and Japan. This pipeline, a crucial component of the diamond invention, is made up of a network of brokers, diamond cutters, bankers, distributors, jewelry manufacturers, wholesalers, and diamond buyers for retail establishments.”
For a complete historical oversite of De Beers please visit
http://www.theatlantic.com/doc/198202/diamond
References
Epstein. E. (1982) Have you ever tried to sell a diamond? Atlantic Monthly. Retrieved: March 26, 2008 from http://www.theatlantic.com/doc/198202/diamond