The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-09-29
DIAMOND SYNDICATE
MAINTAINS PRICES
NO FALL TN sym
PATTY WITH COMMODITIES.
VIII Curtail Output il Necessary t"
Keep Market yirm--cOntrols, T.
In said, 90 Per Cent If Wo~to''
Output.

~ .ha London Diamond Syndcate'
xh,ch "a said to control the marketing
of 20 per cent or more OF the "oI'a
output of diamonds. has It's way I"o'T
wiz be no recession in the prlce Or
diamonds. regardless Of declines that
may occur In the prices Of other COM
modiues.
such IA the information conveyed yes
tar,lay in 4 cablegram from Mr.. BreN-
neyer. chairman Of the great Lonoon
diamond Syndicate. which reads as fo'7l
lows: -. -,
lD,amond Syndicate's policy has always
been 70 maintain prices. and there u
mo intention to depart therefrom' Ao'
| say make use of Sths information a.
I you think best" - Il
!. The above message was addressed
Jewellers Circular" this city, being
rsn,y 10 special inquiry by that orsa
Of the jewslry trade -
The reaction in certain lines or ous
ness. with the corresponding declinf =
u.nv varieties Of merchandise inclr y
inc son,c types Of jewelry. have leu /
sxpectat ton on tibet part OF the puta;
. that diamonds would be similarly
!, f.c,sd. Az . matter OF fact the o' tn
r,.rket price Of diamonds has SUM On
a. Aec,ine. Il is declared on good a. az
thoyi,v that the few instances Oh wy
!. cessions which have occurred nave mo
: / confined TO few retail oea'ere rob
= i1o that expedient by credit pressur BY
Speaking generally. the entire the
mond market ofithe United states Deer
: fectually dominated by the Lonoo' Prlc'
= La,cate through which practicalI nam
entire supply is acquired. As su ~,
IN. above cabiagram. It Is not enti.
Intention OF this syndicate to per the
- price decline. Prem
u u "a learned from the trade Trans
= policy Of the syndicate has sI"s south
10 maintain or increase the pric produ'
noonds. and particularly in Utter
u Years. as the older and imports sU Od az
y are gradually becoming exhs merL",
. gem stones. exceRdt
when times of business depre-
ooncV scarcity occasion q slump
demand for the stones the syndica
stead oil TeauJuoS"e
curta,ls It's output, a thing which
easily do because OF It's highly mo
i,s,ic position. Such 10 the CONDITION
tho prospect which tho diamond CT
and robbers are now facing. +
ro, many years the prices OF 1
unonds have been set BY The sync
-, london which under contract
the oeBeers Consolidated Mines
premier Diamond Mining Compai
Tho Transvaal and those In Fon'r Il
the pr,ncipal diamond helds outsi'
the DeBecrs Interest. including inc
man fields, market the entire prodI
rough Diamonds OF such comp'
which is approximately about !" pe'
- tho entire output Of the world !,
diamond syndicate has often beer
fsrred 10 as the greatest ard stroot
,r,,s, ~ Ahe world II sells It's pr, +
~ rough only 10 the principal cult
XrasiePdam. Antwerp, London anuw
vnsL a. nrices which II Axes before
SrhnSe who know say that IL ma
80 Tho habit Of the Diamond snl
Oe,n In the past 10 make any ~,
ssSoments as 10 what II inteno"'
~ er az 10 its policy in general g
10 S",tates from this practice IN
- .islernent to the American
,hso,,eh the Jewellers Circular
gmc 70 the i'm yortance OF the N'ne'