The London Diamond Syndicate was:

The London Diamond Syndicate was:

• A. A group of diamond merchants that united in 1890 to buy and sell rough diamonds
• B. A government body regulating diamond mining
• C. A marketing arm of De Beers
• D. An international assaying service

Answer: (A)

The question tests knowledge of a historical player in the diamond trade and what that group did. The London Diamond Syndicate was formed by a group of diamond merchants in 1890 to organize and control the buying and selling of rough diamonds in the London market. This collective allowed independent traders to coordinate supply and pricing, giving them market power in the rough-diamond trade. This isn’t a government body that regulates mining, nor a marketing arm for De Beers, nor an international assaying service. It’s about merchants banding together to manage, trade, and stabilize rough-diamond supplies in London.

The question tests knowledge of a historical player in the diamond trade and what that group did. The London Diamond Syndicate was formed by a group of diamond merchants in 1890 to organize and control the buying and selling of rough diamonds in the London market. This collective allowed independent traders to coordinate supply and pricing, giving them market power in the rough-diamond trade.

This isn’t a government body that regulates mining, nor a marketing arm for De Beers, nor an international assaying service. It’s about merchants banding together to manage, trade, and stabilize rough-diamond supplies in London.