Why to sell off deebeers entire inventory of diamonds

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Reference no: EM13214270

In a recent policy change, DeBeers has decided to: abandon its policy of profit maximization. purchase the entire output of other mines and withhold diamonds from the market to bolster diamond prices. promote "premium diamonds" and other luxury goods as preferable to synthetics. sell off its entire inventory of diamonds.

Reference no: EM13214270

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