Here are a few links to explain it.
http://epub.uni-regensburg.de/21266...KE-IT-OR_BE-LEFT-OUT_ULTIMATUM_-_ECIS2010.pdf
http://www.rough-polished.com/en/analytics/91838.html
http://www.paulzimnisky.com/is-the-rough-diamond-industry-a-monopoly-oligopoly-or-neither
Of course the Industry is attempting to change the way it does things, however remember we are in Angola where the big players have owned the industry for Years and there is not likely to be too much pressure from local markets to change it.
But I assume this is also why some companies have applied to be able to sell their stones outside of the Endiama process.
Price should there be a cap Raise, page-128
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