Download The Global Diamond Industry: Economics and Development by Roman Grynberg, Letsema Mbayi PDF

By Roman Grynberg, Letsema Mbayi

The worldwide Diamond undefined: Economics and improvement brings jointly a suite of papers protecting a variety of facets of the diamond together with economics, legislation, heritage, sociology and improvement throughout volumes.

Show description

Read Online or Download The Global Diamond Industry: Economics and Development Volume I PDF

Similar energy & mining books

Blowout and Well Control Handbook

As along with his 1994 booklet, complex Blowout and good keep watch over, Grace deals a booklet that offers verified practices and methods for good keep an eye on, all in keeping with good engineering ideas and his personal greater than 25 years of hands-on box event. particular occasions are reviewed in addition to certain methods to investigate choices and take on difficulties.

Pressure Transient Formation and Well Testing

This reference provides a entire description of move via porous media and options to strain diffusion difficulties in homogenous, layered, and heterogeneous reservoirs. It covers the basics of interpretation recommendations for formation tester strain gradients, and pretests, multiprobe and packer strain brief exams, together with by-product, convolution, and pressure-rate and pressure-pressure deconvolution.

Oil and Gas Pipelines and Piping Systems. Design, Construction, Management, and Inspection

Oil and fuel Pipelines and Piping platforms: layout, development, administration, and Inspection can provide the entire severe elements wanted for oil and gasoline piping and pipeline situation tracking and upkeep, besides strategies to lessen expensive disruptions inside of operations. damaged up into logical elements, the publication starts off with insurance on pipelines, together with crucial subject matters, reminiscent of fabric choice, designing for oil and gasoline relevant amenities, tank farms and depots, the development and installment of transportation pipelines, pipe cleansing, and upkeep checklists.

Additional info for The Global Diamond Industry: Economics and Development Volume I

Example text

The millions of consumers who bought these symbols of love implicitly agreed to play by the rules that the cartel had set. To be sure, this arrangement did experience the occasional wobble: DeBeers suffered minor losses in 1915 and 1932, for example, and also in 1980 and 1981, when diamond sales dropped and the firm was forced to spend hundreds of millions of dollars to support diamond prices. But these few exceptions prove the general rule: in a world of volatile commodity prices, diamonds were the stone whose value never declined, and the international diamond industry remained consistently and robustly profitable.

The problem of how to exchange experience goods is solved through a pledge mechanism in the form of guarantees, the use of trademarks (brands), or the conducting of advertising campaigns that tell about the quality of products. The seller’s reputation is used as a specific form of pledge. 14 If we try to hypothetically eliminate from market practice the sale of diamonds in lots, it becomes clear that this will give rise to a great many problems. One of them involves incentives to spend resources that are not compensated by any benefit.

Dealers are usually subdivided according to the following criteria: 36 M. Levin and I. 16 The clients at sights conducted by large diamond-mining companies, De Beers in particular, are the top echelon of dealers. The sightholders function in the market as secondary distributors of rough diamonds and/ or as producers of cut diamonds. When selling rough diamonds to other dealers and producers of cut diamonds that do not have access to the sights, they often re-sort the diamonds, thereby adapting to the requests of their buyers.

Download PDF sample

Rated 4.91 of 5 – based on 22 votes