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That's a monopoly. Different.
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Posted by Erik919kt (more from Erik919kt) on Wed, 20 Jun 2012 19:24:24 Share Post by Email
In Reply to: some you should talk to DeBeers about gouging :) nm, Trev, Wed, 20 Jun 2012 17:42:59
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Turns out diamonds are plentiful, but DeBeers has a monopoly, so they can charge whatever they want, or more exactly, whatever we're willing to pay.

Gouging occurs when something is truly in short supply, and there is high demand.

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