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After watching this video, do you think diamonds are essential for engagement rings? How has De Beers status as a monopoly affected their ability to

After watching this video, do you think diamonds are essential for engagement rings? How has De Beers status as a monopoly affected their ability to sell diamonds? Does De Beers have a positive or negative effect on society? Are monopolies, in general, good or bad for society?

Link- https://www.youtube.com/watch?v=UXdV3RE4UGA

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