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It is the reason the company spends $180 million a year worldwide to advertise cut diamonds--a product it doesn't even sell.
There are very few companies ... you may struggle to find even one, that has been the leader of its industry for its entire
- Miner and buyer of 70-90% of the world's rough diamonds
- Buys rough diamonds directly from the diamond mine owners
- Cutters sell the cut diamonds to the dealers who in turn sell them to the jewelry stores.
- And still De Beers spends $180m a year worldwide to advertise cut diamonds--a product it doesn't even sell!!!
? Inefficiencies created by monopolies and Antitrust regulators in the U...
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