Skip to content

Supply and demand Quote by Greg Thain

Download Open image
““De Beers operated a selling cartel for diamonds by using their control of the central selling organisations to manage prices by manipulating supply and demand. In the past, when a single country, such as Zaire, tried to break away and sell their diamonds independently, De Beers would flood the market with similar diamonds to drive down prices for Zaire, forcing them to return to the cartel. But””

Greg Thain

4.4 out of 5 (4 ratings)

More by Greg Thain

Explore all 206 Greg Thain quotes

More Supply and demand quotes

Browse all 89 Supply and demand quotes