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15 Cards in this Set
- Front
- Back
The involvement of a business or industry in all aspects of its product’s market is called |
vertical integration. |
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By 2004, more than 90 percent of manufacturing for the diamond market was done in |
India |
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A commitment to reserve a portion of the resources derived from any country for the economic development of that country is called |
beneficiation |
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A bourse is a(n) |
diamond buying and selling club. |
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Because the Australians believed the CSO’s marketing favored large stones over smaller ones, they |
aggressively promoted jewelry set with their own tiny gems. |
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One of the changes that resulted from De Beers’ strategic review in 1999 was that De Beers |
changed the name of the CSO to the DTC. |
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Which diamond mine’s huge production influenced the world market in the late 1980s? |
Australia |
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In South Africa, a new mining charter that designates the people of the country as the owners of its mineral resources is a result of |
Black Economic Empowerment. |
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Vast quantities of small, inexpensive diamonds suitable for low-cost, mass-market jewelry are mined in |
Australia |
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A city, region, or country with a large number of gemstone manufacturers is called a |
cutting center. |
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Businesses that sell to consumers via television cable, phone line, or satellite are called |
electronic retailers. |
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In 2000, De Beers altered its consumer advertising by |
introducing the “Forevermark” logo. |
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The program adopted by De Beers in 2007 to answer critics and resolve shortcomings of its SOC program is called |
Supplier of Choice 2. |
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De Beers became a privately owned company in |
May 2001. |
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The diamond industry program designed to ensure that diamonds do not fund civil conflict or terrorism is called |
the Kimberley Process. |