The Diamond Cartel: History's Greatest Monopoly • Discoverology

The Diamond Cartel: History’s Greatest Monopoly

A cartel is a group of companies coming together to fix the price of a product. Like how major oil countries come together as the cartel OPEC, to fix the price of crude oil, except with a diamond. Once these locals catch on to how profitable the diamond trade is, they’ll started trading diamonds and smuggling it.

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