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Article: New De Beers, old dilemmas.(diamond industry information)
- Article from:
- Israel Diamonds
- Article date:
- August 1, 2001
CopyrightCOPYRIGHT 2001 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The new De Beers had hoped its stockpiling days were oven But if the U.S. economy continues to sputter, the company may not have a choice.
De Beers Chairman Nicky Oppenheimer once admitted that the industry doesn't always rely on the company at whose head he stands. "People often say, `We don't need De Beers,' and it's true, in good times you don't," he told JCK magazine in 1998. "It's in bad times that people recognize the benefit of the CSO."
Today the Central Selling Organization (CSO) is just a memory, but for an industry that again faces rocky economic terrain it's a vivid remembrance. Weak Christmas 2000 sales caused the pipeline to bulge with ...
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