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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.

By 2004, more than 90 percent of manufacturing for the diamond market was done in

India

A commitment to reserve a portion of the resources derived from any country for the economic development of that country is called

beneficiation

A bourse is a(n)

diamond buying and selling club.

Because the Australians believed the CSO’s marketing favored large stones over smaller ones, they

aggressively promoted jewelry set with their own tiny gems.

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.

Which diamond mine’s huge production influenced the world market in the late 1980s?

Australia

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.

Vast quantities of small, inexpensive diamonds suitable for low-cost, mass-market jewelry are mined in

Australia

A city, region, or country with a large number of gemstone manufacturers is called a

cutting center.

Businesses that sell to consumers via television cable, phone line, or satellite are called

electronic retailers.

In 2000, De Beers altered its consumer advertising by

introducing the “Forevermark” logo.

The program adopted by De Beers in 2007 to answer critics and resolve shortcomings of its SOC program is called

Supplier of Choice 2.

De Beers became a privately owned company in

May 2001.

The diamond industry program designed to ensure that diamonds do not fund civil conflict or terrorism is called

the Kimberley Process.