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To put this into perspective for us lay people: In 1997 the diamond reached record levels production with the amount of 107 million carets of diamonds mined throughout the world.
Independent producers now supply about 40% of the world's rough diamonds, quite a change from the days when De Beers strictly controlled supplies through its so-called single-channel pipeline...
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Israel, the largest buyer of rough diamonds, hopes to control much of the new material from Canada, Indonesia, Finland, Russia, South America and Namibia. As long as consumers feel secure about diamond's value, demand will be strong, said trade experts. De Beers spends $200 million annually to promote diamonds and has seen demand grow 150% in the past 15 years...
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