The Diamond Empire (1994)

1 year ago
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A mafia cartel creates false scarcity to manipulate prices of an earth abundant rock.

FRONTLINE examines how the great myth about the scarcity of diamonds and their inflated value was created and maintained over the decades by the diamond cartel. This report chronicles how a cartel of the DeBeers family along with the Oppenheimers of South Africa, gained control of the supply, marketing, and pricing of the world’s diamonds

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