If the prime customer leaves do we believe sellers will try to replace that role with another prime customer?
Not really sure that would help, we would need to see the effect on pricing of a major purchaser exiting a market.
-
-
This is exactly how DeBeers has maintained the artificial high price of diamonds; it has led them to a monopoly on diamond mines and archives of diamond through acquisition.
-
Artificially high prices to *consumers* not to the miners.
- 2 more replies
New conversation -
-
-
A single family controls materially the entire world’s supply of diamonds. They’re so good at balancing the interests of the whole supply and consumption chain that they never get called on it.
-
Diamonds aren’t even an exclusive example of specialist markets for goods. Ever heard of OPEC?
- 1 more reply
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
