The Diamond Empire Oppenheimer family's cartel, Artificial scarcity
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The Diamond Empire Oppenheimer family's cartel, Artificial scarcity: De Beers is able to create an artificial scarcity of diamonds through its wholly-owned Central Selling Organization (CSO), thus keeping prices high. A cartel is a group of formally independent producers whose goal is to increase their collective profits by means of price fixing, limiting supply, or other restrictive practices.