The Spectacular End of the Diamond Cartel
14th November 2026
An astonishing collapse is happening right now, one that was easily foreseen five years ago but which still defies belief. The world’s longest-running industrial resource cartel has fallen apart due to technological innovation. The resource is diamonds, the company is De Beers, and the reason for the upheaval is lab-created diamonds which are indistinguishable from natural ones to the eye. Only a professional can tell based on imperfections.