From The Dog House...
- Written by: Edward Jay Epstein
- Category: Serious Business
- Hits: 2722
In spite of ups and downs over decades the price of diamonds has remained essentially stable and under total control of nothing short of a racket. Created and managed by the De Beers cartel, the value of what were once just rocks in the ground has risen to the point where they are now coveted and revered around the world. And once you buy one, well, it's yours - forever! In the February 1982 issue of The Atlantic magazine, noted author Edward Jay Epstein laid out how it all began in a piece entitled: Have You Ever Tried to Sell a Diamond? The story is both fascinating and revealing.
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