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The hallmark of the trade of gem diamonds is its remarkable concentration; that is, diamond cutting and wholesale trade is limited to few locations. This paper will outline the PESTLE that stands for political, economic, social, technological, legal and
The cartel, which is the character of the diamond industry, has created a barrier to entry in the diamond industry. Taking this step has made it impossible for new entrants into the diamond industry. According to Greenhalgh (2005, p. 105), the changes experienced in the industry has led to the rise of three major diamond companies such as Alrosa, RTD and BHPB . The changes involve the discovery of other diamond fields in countries that De Beers no longer have control and the political disorders taking place in the diamond producing countries which are still developing. The dynamic trend in the industry has made it possible for junior companies to rise. To enable the industry have a bigger share in the industry, there has been merging and acquisition for junior companies in the past few years. In addition, the strategy laid by Australia of operating in the niche market, such as rare-high priced and colored gems, without hurting the industry leader, has opened aspects of the industry that were not easily accessible.
Unlike other industries, the structure of diamond industry does not does not grant the buyers the bargaining power. Over the years, the denied bargaining power has been the trend in the industry. In return the the global economic crisis has hit the industry causing a fall in demand for diamond. With the fall in demand, it meant that there could be an oversupply and a reduction in price. To control this, De Beers ordered for a reduction in diamond production. However, De Beers and other mines including those in Canada stopped the production to as a result of the economic crisis. As a result, there was a low supply for diamonds with increasing demands in other markets such
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De Beers is the diamond mining and polishing industry which has been able to make a prominent place of its diamond in the global market. Recently, the company has been able to capture the market of several Asian countries, and India in particular. With its image and historical reputation built on the idea of “A diamond is forever”, the company has become the most dominant diamond distributer in the global diamond industry.
The imports of diamond in India, in 2010 and 2011 amounted to $11 billion. The diamonds polished and exported during these two years had a value amounting to $28 billion. This implies that there is a lot of trade in Diamond, which takes place in India. In the recent past, the diamond market in India has faced some challenges, which have contributed to the reduction in the amount of diamonds that can be categorized as uncut.
There has been not only economic but political struggle and continued struggle over the manner in which the land is being used. We will attempt, in this paper, to discuss the differences in management of the resource by the two governments as well as the depth of the type of mining involved.
This crystal, like Africa, has a history. So does its value, which is not intrinsic but culturally prescribed and subscribed to. This is a history continuing to be told, but perhaps told badly, without the legacy f influences and intents that have generated the current moment.
Position of South Africa, as a diamond producing company. De Beers value alone without any direct government partnership mines nearly 95 per cent by value of all of the country's diamonds. De Beers is also involved in the cutting and polishing of diamonds in Namibia and Botswana.
Moreover, they are providing international technologies in infrastructure building of developing nations. This in turn creates a globalized business environment in their countries. The construction industry is usually urban-based industry as the major
he management and staff of the European Powder Metallurgy Association, the International Tungsten Industry Association and the Fachverband Pulvermetallurgie for their interest and encouragement in this dissertation.
Andreas, you need to revamp your literature review. Don’t
ments In Influencing Each Attribute Of The System And In Shaping And Constraining The Behaviour Of Firms (Trade Policy, Competition Policy, Regulations, Domestic Politics, Etc.) 10
The basic approach of Double Diamond Model is to understand the rational behaviour of
Everybody knows Diamond is hard and wonderful. The precious stones themselves are more or less 3.3 billion years of age. This error is on account of the volcanic magma that hardens into rock where jewels are discovered completed not make them, yet