In the cathedral-like atmosphere of the world's diamond headquarters, where aged Havana leaf burns like incense and merchants converse in hushed tones, a change is slowly taking place. The De Beers diamond cartel, which has its Central Selling Organization in London and its production fields in Africa, has opened a discreet but energetic campaign to promote the glitter of diamonds to new markets. In the U.S., which traditionally buys one-half of the world's gem diamonds, jewelry has lost some of its shine—people who can afford diamonds often prefer other luxuries, such as trips abroad. De Beers is concentrating on...
Africa: King of Diamonds
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