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By Roman Grynberg, Letsema Mbayi

The worldwide Diamond undefined: Economics and improvement brings jointly a set of papers masking quite a few facets of the diamond together with economics, legislations, historical past, sociology and improvement throughout volumes.

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At the intermediary level, informal transactions—so-called executory transactions—are much more frequent, in the form of contracts on terms of providing commercial credit or contracts on trust. 3 Contracts on terms of providing commercial credit As a rule, the lag in payment for diamond deliveries under an executory contract depends on the time needed to produce the cut diamonds and sell them. In such transactions the dealer essentially finances the whole diamond-processing cycle, thus providing commercial credit to the diamond buyer.

Departments of State and Treasury— to involve DeBeers in their own African initiatives. S. government a fine of $10 million. Legally, the corporation could now do business in the United States. References Abdelal, Rawi, Debora Spar and Katherine E. Cousins. 2002. ” Harvard Business School Case No. 9-702-035. Alfaro, Laura and Debora Spar. 2003. ” Harvard Business School Case No. 9-703-027. Anglo American PLC. 2001. Announcement, Johannesburg Stock Exchange, February 15. Bates, Rob. 2004. ” Jewelers’ Circular Keystone.

For DeBeers, then, the timing of Kimberley could not have been more propitious. Just as the company was facing a serious decline in its ability to control supply, and just as it was launching an unprecedented move into the retail sector, the campaign against conflict diamonds helped to move the entire diamond market in DeBeers’s direction. As a result of the campaign and the Kimberley Process, new suppliers were crowded out of the market (as DeBeers would have desired) and consumer preferences were directed to those producers who (like DeBeers) could guarantee the integrity and “cleanliness” of their brand.

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