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Author Topic:   The Debeers Cartel.
WODIN

Mutant

Posts: 3281
From:Look Behind You!!!
Registered: Aug 2000

posted February 19, 2001 02:06 PM

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Debeers is a Diamond Cartel in South Africa that has been in existance for over 80 years and they pump up the value of diamonds by controlling the supply available on the open market. Today they control over 75% of the world market for diamonds. Therefore a diamond has no real intrensic value, they are really about worth 100 - 200 dollars a pop in real terms.

Further, this basic greed is compounded by the fact that in Seria Leon people are being butchered and slain over nothing more than Diamond fields in there country. These diamonds are then routed through Somalia's black market to South Africa where Debeers buys them.

So the next time you look in the window at a shiney rock from Debeers and think a Diamond is forever, think also that losing an arm or leg is also forever.

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bigschweeler

Amateur Bodybuilder

Posts: 97
From:
Registered: Dec 2000

posted February 19, 2001 02:18 PM

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Too bad I read this after buying an engagement ring!


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