Diamonds as an investment

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    Introduction: De Beers is an association of companies that dominate any things related to diamond such us diamond trading, diamond mining, diamond shops and industrial diamond manufacturing sectors. The company was established in 1888 by British businessman Cecil Rhodes and funded by London-based N M Rothschild & Sons bank and the South African diamond magnate Alfred Beit. They have many places for mining like Botswana, Namibia, South Africa and Canada.However; there was a big debate about some of unethical works the company involved in, including price fixing, Deceitful Advertising, Discrimination and Human Rights Abuses. In this research I will examine the unethical aspect of the company. Body: Unfair trading and competition: As it says the end justifies the means DeBeers behaved unethically seeking for power and money. According to 123helpme website DeBeers have controlled the selling and marketing of approximately 80% of the world’s rough diamond production through the establishment of something called cartel. Cartel is a group of people, organizations, or companies that’s work together to monopolize the market by controlling the…

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    on, the buying of expensive diamonds without recognizing who may have been killed, exploited or maimed just to get you that diamond…Blood Diamonds uses violence, labour, environment and many more. It is mostly a process using labour. Menes in Africa and especially Congo have been working extremely hard with the process of environment. What are blood diamonds? Blood diamonds are also known as conflict diamonds, are used in the illegal trading of diamonds to economics conflict, civil wars and…

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    Since the early 20th century De Beers Corporation has had a monopoly on the world’s diamond supply. This monopoly has essentially enabled them to set the price for diamonds as they made up the largest market share, thus at their peak they controlled up to 80% of the worlds rough diamond supply. Through their tactic of restricting the supply of diamonds, the De Beer Corporation has made diamonds, into a luxury good. Over the past 100 years they have consolidated their vast share of the market…

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    How the diamond as a system impacts the global competitiveness in a country? Every business functions within a playing field. In the mid-1980s, Professor Michael Porter developed a framework to assess the competitiveness of regions, states and nations. This framework called “the Diamond model”. The diamond is a model for classifying multiple dimensions of micro-economic competitiveness in nations, states, or other locations, and be aware of how they interact. The Diamond model involves four…

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    new innovation; with every step forward, society must be able to progress and adapt to change. Jared Diamond’s argumentative piece titled “Accepting or Rejecting Innovation” states that there are three criterias that technologies must meet, in order to be to be adopted and utilized in modern society. The factors include: economic benefit, social value, and minimal vested interest. When discussing in terms of technologies, a device provides an economic benefit to its user, which leads to greater…

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    gross ton ship in France. Launched in 2001 as the ms Seven Seas Mariner, she introduced new luxuries including being the first all-suite ship to feature private balconies for each of its staterooms. The partners had an option for a sister ship to be built in France, but also commenced negotiations in Italy that resulted in another order in 2000. Built at the Mariotti shipyard, this 42,363 gross ton ship, completed in 2003, would be the 700-passenger ms Seven Seas Voyager. With each new ship,…

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    Colour of a Diamond by its Size Medium-sized princess cut diamond. Large round brilliant cut diamonds. Small-sized fancy cut diamonds. Yellow diamond. Orange diamond. Blue diamond. Red diamond. White diamond. Cognac diamond. Just like people, diamonds are unique. They come in many sizes and colours and can be cut in numerous ways. Also, similar to people in the respect that works well on medium-sized memorial diamonds might not work well on large cremation diamonds, or small to medium-sized…

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    in one country but has subsidiaries of itself located in another country, thus making it a multi-national country. According to Kwan Choi, multinational companies arise because capital is more mobile than labor, and since cheap labor and raw resources can be found abroad in other countries, multinational companies establish themselves in those areas internationally. While the goal for these MNC’s are is to maximize all potential profit, the allocation of that profit can be in favor for the home…

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    Gold Jewellery Case Study

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    Gold margins are standardized because of adornment+ investment factor. However, quest for greater margins is driving diversification from gold jewellery products. Demand for gold jewellery remains very strong because of cultural traditions, Gold jewellery sales - for weddings, in particular - will continue to generate volume growth for jewellery retailers. Platinum and diamond jewellery sales will generate margin growth. The shift to more profitable diamond jewellery has been smooth because…

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    Porter's Diamond

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    Introduction Professor Michael Porter's work on Competitive Advantage of Nations is greatly influential yet tendentious (Davies and Ellis, 2000) which evoked considerable interest and eager debates that was met with contrasting views. This essay will discuss the concept of Porter’s Diamond alongside his theory and framework, accompanied by the academic criticism this model has attracted to find out why so much emphasis was placed on the diamond framework. Porter's Competitive Advantage of…

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