The DeBeers Cartel does not control the WFDB. One of the main reasons the WFDB was formed was to enable the bourses to bargain more effectively with the cartel.

DEFINE: Clarifies the origin and purpose of the WFDB (World Federation of Diamond Bourses) as a counterweight to the DeBeers Cartel.

Lisa Bernestein, Opting out of the Legal Sys…, loc. 56