Fridman A.A. Phenomena of the World Diamond Market.
Part 3. // Economics of contemporary
Russia 2014. №3 (66) С.37-55.
The world market for rough diamonds in the XXth century was a unique
example of classic monopolistic structure headed by De Beers; it was usually
referred to in any textbook on microeconomics. However, at the end of XXth
century, due to a number of various events, this market has demonstrated 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 rough diamonds, the market for rough diamonds,
phenomena, Kimberley process (KP), statistics of KP, China cut, World Diamond
Production.
