THE DYNAMIC DIAMOND INDUSTRY: IS IT FEASIBLE FOR ITS PLAYERS TO GAIN SUSTAINABLE COMPETITIVE ADVANTAGE? Nkiruka Chidia Maduekwe ABSTRACT: This report seeks to analyse the diamond industry from a global point of view. The diamond industry is global in nature. Its supply chain pipeline moves from one country to the other‚ thus making it impossible to analyse the industry from a regional or local angle‚ as so doing will fail to give the true picture. As an industry whose product derives its value
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centuries‚ diamonds have been regarded as one of the most valuable commodities in the world and the industry has evolved into billions of dollars. At the top‚ De Beers dominated the entire industry worldwide‚ from exploration to retail selling. However‚ it has a reputation of a monopolist‚ where it influences supply and demand. The two critical factors that De Beers carefully maintained throughout the century to remain in monopoly was to create the illusion of the scarcity of the diamonds and to keep
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consumers by pricing. The De Beers Diamond Company is an example of a monopoly. De Beers is a company that dominates the diamond‚ diamond trading and diamond mining since the late1800’s. It is a miner and buyer of 70%-90% of the world’s rough diamonds up to the end of the 20th century. Cecil Rhodes‚ an English-born businessman‚ was the founder of the company. He broke into the diamond business in South Africa by renting water pumps to miners before buying diamond fields of his own. In 1880‚ he bought
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POV ANALYSIS #1 De Beers Diamonds Corrin Wigren 10/10/11 Situation: The De Beers name has always been synonymous with diamonds due largely impart to the fact that in order for anyone to deal in the diamond business‚ at some point they will have to deal with at least one of our subsidiary companies‚ retailers or distributors. De Beers owns 43% of the worlds’ market shares of rough diamonds‚ but this is way down from the 80% we were at in the 80’s. The diamond demand is at the mercy of an
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Genero1@aol.com De Beers and the Diamond Monopoly Report - Guide Thomas Schieder I.-No.: 648792 SS00 – Wirtschaftsrecht SuK - Economic Policy 1. History 1.1 De Beers and the Diamond Cartel 1.2 Cecil Rhodes and the discovery of Diamonds in South Africa 1.3 Evolution of the Cartel 1.4 The Cartel in action 1.5 Stockpiling 2. U. S. Antitrust Law 2.1 History and Motivation 2.1.1 The Sherman Act 2.1.2 The Clayton Act 2.2 Extraterritoriality 3. De Beers in 2000 Sources: - Harvard Business
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ge1 Operation Management 1.1 Definition Operation Management is the activity of managing the resources which produce and deliver goods and services (Slack et al‚ 2010). These activities commences from the very initial production stage of information gathering right up to the final stage of consumer consumption of the product. Every organization does operation management even if they do not notice it. All organizations produce goods and/or services and to create goods and/or services‚ the organization
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middle” of the diamond engagement ring market Vision and Mission “Blue Nile’s vision is to educate its customer base so that customers can make an informed‚ confident decision no matter what event they are celebrating. It wants to make the entire diamond-buying process easy and hassle-free. In addition‚ an important part of Blue Nile’s vision as CEO Diane Irvine said in a recent webinar with Kaihan Krippendorf‚ is for the company to be seen as the “smart” way to buy diamonds‚ while saving
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Indian Foreign Trade Policy (FTP 2009-14) In the last five years India’s exports witnessed robust growth to reach a level of US$ 168 billion in 2008-09 from US$ 63 billion in 2003-04. India’s share of global merchandise trade was 0.83% in 2003; it rose to 1.45% in 2008 as per WTO estimates. India’s share of global commercial services export was 1.4% in 2003; it rose to 2.8% in 2008. India’s total share in goods and services trade was 0.92% in 2003; it increased to 1.64% in 2008. On the employment
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Black Diamond Night (a coalminer’s cemetery) Where the ebony‚ we call “NIGHT”‚ Old black rocks sit under the twilight. Diamond shape eyes unclear and lonely‚ Sinister through hostile spirits only‚ I stumble across these stones without a bone. A solitary confinement alone‚ From a barren zone the light transcend. Only in time‚ our minds will mend. Endless valleys and limitless stones. These bones- these bones they sit alone. The abyss‚ of rotten cavities with no fill‚ A system no power can unwell the
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will hold up with daily wear. While diamonds last throughout the years‚ settings lose their prongs‚ thin out and even break in some cases. You risk issues when you
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