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Cartel busting

Article Abstract:

An agreement between the Russian government and De Beers has ended and this could affect De Beers' control of the diamond industry. De Beers runs the Central Selling Organisation (CSO) a cartel which controls diamond supply. The CSO will control only half the diamond supply rather than three quarters if Russia decides to operate outside the cartel. The CS buys some nine tenths of the diamond output of Russia, but large amounts of diamonds have been bypassing the CSO. Russia could sign an agreement which would help attract foreign investment to diamond mines. Meanwhile, other miners such as BHP could threaten the cartel.

Publisher: FT Business
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
Laws, regulations and rules, Central Selling Organization

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Diamonds: investors' new best friend?

Article Abstract:

The world diamond market has seen a downturn in prices, but price cycles are normal for the industry. Russia has rejoined the Central Selling Organization (CSO), and there is greater stability in Angola, and both of these developments should help diamond prices. The CSO has been accused of operating as a cartel, but smaller producers see it as providing stability. Political stability has helped boost diamond exploration activities, and De Beers is especially involved in this expansion.

Author: Dudding, David
Publisher: FT Business
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998

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Johannesburg looks set to lose De Beers to London

Article Abstract:

De Beers may go private if talks result in cross-holdings with Anglo American being unwound.

Publisher: FT Business
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2001
Mergers, acquisitions and divestments, De Beers Botswana Mining Company (Proprietary) Ltd.

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Subjects list: Economic aspects, Diamond industry, Diamond mining, Diamonds
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