Global Diamond Exchange, Inc. (GBDX)

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Increasing Conflict in Russia Between Diamond Cutters and Miners

The Russian company Alrosa is the largest diamond miner in the world outside De Beers. Diamond cutters accuse Alrosa of favoring exports and providing larger stones for the foreign market and offering only small-sized diamonds to the internal market. On the other hand, Alrosa says that cutters cannot be allowed to pick the assortment of size they want.
The result is that Russian cutters are buying million dollars in rough stones from South Africa each month. Russian manufacturers had a production of $1.1 billion in 2003, and Alrosa is estimated to produce around $2 billion worth rough diamonds this year.

http://www.loveanddiamonds.com/learn/diamond-flashes.html

Also read De Beers only controls 50% of the diamond market now. It use to be 70%.