Blood Diamond: Supply and Demand

In 2012, the diamond industry in Sierra Leone is wonderful, exports exceeded $ 100 million (Sierra Leone). The principle of supply and demand seems to be at the center of various market trends. In various market structures, black market is often regulated gently. But in the black market seen with this venture capital, you can integrate several strategies into market efforts on profit traders. Traders are crazy about the various black market where the best deal relates to illegal goods.

Alternatively, as Priceonomics CEO Rohin Dhar wrote in Huffington Post's article, "Diamonds are bullish **" "Diamonds not only demand marketing inventions, but diamonds are not rare in reality. With careful restrictions on supply, De Beers can keep the price of diamonds high, "Warren Buffett is famous for saying" price is what you pay and value is what you get " is. Although aquaculture diamond marketers are using prices as a competitive advantage. Considering what I am looking at about consumers and looking at the retail market as a whole, price is the main factor in purchasing decisions and, interestingly, HNWIs are more likely to pay higher prices. After all, they will not spend as much money as they can to earn money.

Diamonds are now mainstream and there is a very high level of supply and demand that anyone in the world can possess. Kimberley Process was founded in Kimberley, South Africa, as a way to prevent violence in "conflict diamond" transactions and to ensure that the diamond market is not financed, due to conflicts arising from so many new diamond sources and their values It was. In December 2000, the United Nations General Assembly took the first step towards the creation of the Kimberly Process Certification Scheme (KPCS), an international certification of rough diamonds. As a continuation of a more ethical business practice in the diamond industry, a responsible Jewelry Council (RJC) was founded in 2005 to establish diamond business ethical standards, certification and best practices.