Word: cartelizing
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...rest met the charges in the same fashion which the cartel reserves for all complaints-a dignified silence. If De Beers was disturbed by the charges of price fixing, control of production, quotas for diamond merchants, etc., it was comforted by the belief that Biddle has no more chance of denting the cartel than of cleaving a diamond with a butter knife...
...Ernest Oppenheimer, chairman of De Beers and Diamond Corp. (which together own Diamond Trading Co.), and understudy of the late Empire-building Cecil Rhodes. Now living on his spacious ranch outside Johannesburg, Sir Ernest makes only occasional visits to the little grey building in London from which the cartel rules...
Industrial diamonds comprise only 28% of the value (v. 87% of the volume) of diamonds sold in the U.S., the biggest market. With them, the company is less careful. But the cartel permits no stockpiling, carefully sells only what diamonds it judges the market can absorb...
Take It or Leave It. This tight control enabled the cartel to shut off industrial diamonds from the Axis. But it has also irritated the U.S. In 1942 the U.S., worried lest the Nazis grab all of Africa, and its diamonds, tried to stockpile them in the U.S. The Trading Company said...
...stones are unsatisfactory, he can only grit his teeth. All sales are final. Actually, these highhanded arrangements are less the normal workings of a cartel than a shrewd defense against such suits as Biddle's. In effect the cartel, legal in Britain, holds that by selling only in London it does not do business...