CIM 2010 Cultural (Industry) Management Analysis of the Diamond Industry Becky Gong Culture‚ Creativity and Management 1. Why Interested? A diamond is forever. No one will be unfamiliar with this classical advertising verbal. Diamonds have symbolized love and eternity for centuries‚ which can still be constantly found in some of the world’s oldest pieces of jewelry. They were surrounding by myths and legends and once regarded as the “Tears of the
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Industry Analysis Diamond Industry (Gem Based diamonds) The Diamond industry is essentially broken up into 3 segments: 1. Industrial Diamonds—natural and synthetic diamonds that are used in a wide range of manufacturing processes for their physical properties. 2. Jewelry Diamonds—rough diamonds cut for use as gemstones in jewelry. 3. Investment Diamonds—high-quality large gemstones‚ often with special characteristics‚ purchased for investment. The Jewelry and Investment segments together
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paper will focus on the Diamond Industry and in particular DeBeers’ involvement in shaping the structure of markets and firm conduct within the industry. The paper will examine the influence of DeBeers’ cartel by initially looking at market conditions when DeBeers were operating their cartel‚ then by way of comparison‚ examining the evolvement of the market once the DeBeers cartel was ended‚ effectively opening up the market for the first time. The diamond industry currently produces US$13
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Diamond Industry. De Beers. In the beginning of 1870s‚ the Afrikaner brothers‚ J. N. de Beer and D. A. de Beer discovered diamonds on their farm and unable to deal with the effort of protecting the farm from the diamond seekers‚ they sold the land to the diamond traders. Today‚ the name De Beers represents the world’s largest diamond company‚ which has a presence in 25 countries. The powerful and productive epoch of diamonds began with the establishment of this company. Who knows what role a
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market or a market segment in other words the competitive structure of an industry can be analysed using Porter’s five forces. Attractiveness in this context refers to the overall industry profitability. The overall industry attractiveness does not imply that every firm in the industry will return same profitability. Firms are able to apply their core competences‚ business model or network to achieve a profit above the industry average. The five forces of Porter’s model are as follows: 1. Threat
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Synthetic Diamond Industry Report‚ 2010-2011 April/2011 Property right statement: Copyright of charts‚ tables and sentences in this report belongs to ResearchInChina (Beijing Waterwood). For charts or tables marketed as from other sources‚ original publishers own the copyright. The quoted data in this report are collected from public sources. If there is any problem related to property right‚ please do not hesitate to contact ResearchInChina. China Synthetic Diamond Industry Report‚ 2010-2011
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Phuong Nguyen Cheryl Thompson BBB4M0 June‚ 10‚ 2012 Diamonds There are many different kinds of valuable gem in the world; however‚ diamonds is the most precious and favorite stone all the time. As the hardest known naturally material‚ diamond can be used to polish‚ cut and become a jewelery. Consumer claim that diamond is forever‚ that’s why diamond wedding ring represent for the endless love. This is a reason why diamond always become a “hot topic” in the market all over the world.
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“A diamond‚ is the symbol for love‚ commitment‚ and a joyful new beginning‚” said the TV commercial. Many of the world’s diamonds‚ are mined using practices that exploit workers‚ children‚ and communities. A million diamond diggers in Africa earn less than a dollar a day. Miners are dying in accidents‚ child labor is widespread‚ and corrupt leaders are depriving mining communities of funds badly needed for economic development. In extreme cases‚ diamond mining can cause entire ecosystems to
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“blood Diamond”. Discuss how the issue of poverty‚ using specific references‚ is fundamental to not only the conflict diamond trade but to life in the country of Sierra Leone” Due to the high population growth in Sierra Leone‚ poverty remains widespread throughout the entire country. According to the human development index‚ Sierra Leone is one of the poorest countries in the world‚ which is why the diamond trade is such a large issue. Sierra Leone is among the largest producers of diamonds‚ thus
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growth. This phenomenon called ’Resource Curse’‚ is the essence of the theme captured by the documentary Blood Diamonds‚ focusing on the human cost of the illicit global diamond trade. Set in the period of 1990’s‚ the documentary explores various factors that led to the violence‚ tells vivid details of suffering‚ and speaks with the organizations that eventually exposed the link between diamonds and brutal African conflicts. Sierra Leone is one of the poorest nations on Earth. The average income of
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