De Beers; does not have a monopoly on the industry.
That claim is not founded by factual information; in fact it is missing the point.
There are 9 other major producers of diamonds in the world, De Beers is simply the major case exploiting Africa's natural reserves. This act of exploitation simply shows the detriment of capitalism on poor nations.
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De Beers; does not have a monopoly on the industry.
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