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Essay

Debeers

Essay specific features

 

Issue:

Business

 

Written by:

Javier C

 

Date added:

August 31, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 785

 

Was viewed:

7674 times

 

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Essay content:

This excursion led Rhodes, whom the infamous “Rhodes Scholar” was named after, to a path that defined and dominated the diamond industry worldwide. He created, through a series of diamond mine purchases, what is known today as De Beers S.A. Established in 1888, De Beers, through Rhodes, rose to a height of controlling 90% of the world’s diamond market...
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This illustrious giant was shrewd, intelligent, and he clearly understood price elasticity and the power of supply and demand. Moreover, he used the economic forces to his advantage and ultimately created a diamond Cartel. His ingenious move occurred in convincing the sellers (diggers) and buyers that their mutual interests were to keep prices high and steady...
displayed 300 characters

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