Supply and demand Quote by Greg Thain
““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””
About This Quote
Source Interview: Podcast on Diamond Industry, 2020
De Beers maintained market dominance by controlling supply, using price manipulation and flooding tactics to suppress competition.
In simple terms: Control supply to dominate market.
Key Takeaway
Monitor supply chains and competition.
Themes
economics
monopoly
price control
Mood
analytical
critical
Type
educational
inspirational
When to use this quote
- commodity trading
- regulatory policy
- business strategy
Key Concepts
market manipulation
cartel behavior
Questions to Reflect On
- How can regulators detect hidden supply manipulation?
- What alternatives exist for smaller producers?
A Different Perspective
Legal and ethical constraints limit such tactics.
![“[Wise men] have tried to understand our state of being, by grasping at its stars, or its arts, or its economics. But, if there is an underlying oneness of all things, it does not matter where we begin, whether with stars, or laws of supply and demand, or frogs, or Napoleon Bonaparte. One measures…” quote by Charles Fort](https://sms4smile.com/quotes/img-quotes/1e7/charles-fort-11887_art_wise-men-have-tried-to-understand-our-st_19788.jpg)
