Diamonds are priced by supply and demand thanks to the controld De Beers has. Diamond is a common commodity in reality if it wasnt for them. So yes, such market control made by OPEC affects the price of oil.
OPEC oil cut!, page-9
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 7 | 147063 | 15.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 795942 | 6 |
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