Explain the mechanisms by which they managed to sustain their central and highly profitable position in the diamond industry for such a long period. In 1981 DRC decided to leave the CSO . How did De Beers respond, and why does it make sense?

The De Beers organization was successful at monopolizing the trade of diamonds for over a century. Explain the mechanisms by which they managed to sustain their central and highly profitable position in the diamond industry for such a long period.
In 1981 DRC decided to leave the CSO . How did De Beers respond, and why does it make sense?
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2.5 page minimum single spaced

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