Comment Oh, noes. (Score 1) 112
Anglo-American's De Beers, along with Russia's Alrosa, control two-thirds of the rough diamond supply. DeBeers this week said its rough sales dropped 23 per cent in the first quarter.
Two cartels that created a false scarcity of a common item in order to artificially inflate their prices in order to gouge consumers for over a century in De Beers' case? Oh, no! Cry me a freakin' river.
About freakin' time. Couldn't have happened to a more deserving group of assholes.