Fridman A.A. Phenomena of the
World Market
for Rough Diamonds. // Economics
of
contemporary Russia 2012. ¹4
(59) Ñ.52-90.
The world market for rough diamonds in the
XXth century was a unique example of classic monopolistic
structure
headed by De Beers, which was usually
referred to in any textbook on
microeconomics as an example in this sense. However, at the end of XXth
century, due to a number of various events, this market
has demonstrated a
clear evolution towards more competitiveness, while De Beers has
declared
itself the market leader, rather than the guardian of the sector.
At the same
time, the world market for diamonds and its extended version – the
global
market for rough and polished diamonds, – is characterized by several
phenomena. The present paper is devoted to the identification and the
analysis
of these phenomena.
Keywords: Natural
and synthetic rough
diamonds, the market for rough diamonds, phenomena, Kimberley process
(KP),
statistics of KP, Indian cut, China
as the monopolist of synthetics.
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