1888‚ De Beers followed a strategy of supply control. In addition to mining its own diamonds‚ it bought diamonds from other producers and had what it called the "central selling organization‚" controlling some 90% of the world’s diamonds. Its tight control over such a vast amount of supply enabled De Beers to keep prices high for a commodity that is neither particularly scarce nor useful. If a competitor offered diamonds on the market outside of De Beers’ central selling organization‚ De Beers would
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EXECUTIVE SUMMARY The luxury goods industry quickly rebounded following the United States economic downturn in 2001‚ partly due to the increasing trend of middle-income American consumers demanding luxury at every level. Within the luxury industry‚ the jewelry sector is largest with global retail sales amounting to $150 billion. Tiffany & Co. (“Tiffany”) currently holds the leading position within the jewelry industry with a 19 percent share of the $50‚000-plus jewelry industry. Tiffany recognized
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Case study De Beers: A Monopoly is not forever Case Study Overview Case discussion questions 1. How did De Beers become a monopoly and how did it maintain its monopoly? ……………………………………………………………………………………………………………………………………………..………………………………………………………………………………………………………….. ……………………………………………………………………………………………………………………………………………..………………………………………………………………………………………………………….. ……………………………………………………………………………………………………………………………………………..………………………………………………………………………………………………………….. ……………………………………………………………………………………………………………………………………………
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De Beers is currently being faced with some new challenges that are making it necessary for us to consider a change in the way we do business. With recent turmoil in Western Africa‚ where illicit diamonds are beginning to come from war torn villages‚ and other sources of diamonds being found in Russia and Australia‚ it is clear that we need to begin to move into the U.S. market. However‚ legally‚ De Beers is in violation of the U.S. antitrust laws and is therefore being prohibited from selling directly
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#1 FOR GLOBAL ENTREPRENEURSHIP MGT-2248-330 PREPARED BY: ALEXANDRA SOKOLOVA PREPARED FOR: DAWID NEWING COMPANY NAME: “ALMAZJUVELIREXPORT” WWW.ALMAZ.RU COMPANY DESCRIPTION AND INFORMATION “ALMAZJUVELIREXPORT” stands for –“Almaz”(rough diamond) -“juvelir”(jeweler)‚ and “export” is evidently clear. Company profile info: State-Owned Unitary Enterprise Foreign Trade Association v/o "Almazjuvelirexport". 25 block 1‚ Zubovsky Boulevard‚ Moscow 119021‚ Russia. Tel.: (095) 245-3410‚ 245-3420
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A Summer Training Report Undertaken at H.K. Jewels Pvt. Ltd. BBA PROGRAMME (Year 2012-2013) Submitted By: BUHA KINJAL (17) BUTANI CHETNA (18) Submitted To: B.R.C.M. COLLEGE OF BUSINESS ADMINISTRATION V.T. Choksi College Campus‚ Lal Banglow‚ Athwalines‚ Surat - 395001 DECLARATION I‚ KINJAL BUHA & CHETNA BUTANI‚ the undersigned‚ here by‚ declare that this dissertation titled “H.K. JEWELS PVT. LTD.” is an original and bonafide work carried out under
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Did anyone benefit from the Cultural Revolution? Few people would deny that the Cultural Revolution is one of the most significant events in China’s history‚ with its extraordinary effects on many groups of the population. The main aim of the revolution was simple: having risen to power‚ the Chinese Communist Party (CCP) wanted to reform the Chinese population so that they followed the communist ideology – the favour of absolute social equality. While the initial impression of this aim seems positive
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Blue Nile Inc.; Case Analyst Blue Nile was founded in 1999 and today‚ it is one of the largest online retailers of diamonds. In addition to selling diamonds‚ it also offers platinum‚ gold‚ peral‚ and sterling silver jewelry. It is headquartered in Seattle‚ Washington and it operates in 25 countries‚ offering products through its United States‚ Canada and the United Kingdom Websites. The Company is public traded on the NASDAQ stock exchange and has received several rewards for its service price
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Tiffany&co can be seen in every advertising video or picture‚ and even in their products. The topic is very interesting in two aspects: First of all‚ it is very rich of symbols. As mentioned‚ they can be seen in the jewelry. For example‚ a diamond heart pendant. The heart has long been used as a symbol relevant to the mental‚ emotional‚ moral‚ and in the past also as a symbol of intellectual core in man. As widely believed that the heart is the core of the human mind‚ the word "heart" is still
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Issues Today: Universalism vs. Cultural Relativism One of the most pertinent issues of the past twenty years has been the conflict between two different ideologies of human rights on a national scale‚ universalism‚ and cultural relativism. Universalism holds that more “primitive” cultures will eventually evolve to have the same system of law and rights as Western cultures. Cultural relativists hold an opposite‚ but similarly rigid viewpoint‚ that a traditional culture is unchangeable. In universalism
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