Ass #2 - Key Terms

Diamond mining is the most risky and unpredictable segment in the diamond value chain, due to uncertainty and high capital investment.

The process of categorizing rough diamonds based on weight, shape, clarity, and color, to facilitate sales.

Long-term agreements between diamond sellers and buyers that provide predictability and benefit both parties.

A mechanism for diamond buyers to directly source rough diamonds from producers.

Processes that enhance the beauty and value of rough diamonds.

The sequence of activities from mining to the final sale of polished diamonds.

Diamond sales through various channels like long-term contracts, auctions, and online trading, replacing the single channel.

The limited number of players in the upstream segments of the diamond industry, due to high risks and resources.

The two ends of the diamond supply chain—mining and retail—that generate the highest profits.

The United States is the world's leading market for jewelry consumption.

A market for pre-owned diamonds that indicates the current value of diamonds.

Understanding evolving consumer needs, especially among younger generations, is pivotal for jewelry businesses.

The internet and social media are crucial avenues for selling jewelry, notably diamonds.

Technological upgrades consistently influence all segments of the diamond supply chain.

A competitive process for selling rough diamonds to the highest bidder.

Setting aside a portion of resources for a country's economic growth.

Industrial-grade diamond, often included in other stones; usually yellow, gray, or brown.

De Beers' sales arm for rough diamonds.

A membership-based organization facilitating diamond trading.

De Beers' marketing and sales arm (formerly CSO).

Retail portion of the diamond value chain.

Diamond deposits found away from water.

Diamonds meeting standards for use in jewelry.

Diamonds used for industrial purposes, not jewelry.

Early diamond merchants (1890) buying and selling rough diamonds.

Large-scale diamond mining company.

Resale market for gems and jewelry.

Rough diamond sales – long-term customers buying from producers.

Trusted buyer admitted by a diamond producer for long-term deals.

Centrally controlled diamond marketing strategy.

Rough diamond supply portion – mining and rough distribution.

Activities to increase product value for consumers.

Operating in multiple stages of the value chain.

Only major source before the early 18th century.

Dominated diamond production from early 1700s to late 1800s.

Historical diamond discovery that sparked the diamond rush.

Powerful diamond mining and marketing company.

Established De Beers to control diamond supply.

The series of steps from mining rough diamonds to selling polished diamonds.

Selling diamonds using various methods (e.g., contracts, auctions, online).

Classifying rough diamonds by weight, shape, clarity, and color for better sales.

Agreements for diamond sales with predictable conditions.

A bidding process for diamond companies to buy rough diamonds from producers.

Processes that add value to rough diamonds by turning them into jewels.

Early stages of the diamond supply chain (e.g., mining, sorting).

Later stages of the diamond supply chain (e.g., cutting, polishing, retail).

Businesses that sell cut and polished diamonds to consumers.

The leading market for jewelry and diamonds in the world.

The market for pre-owned diamonds which indicates their market value.

Understanding younger customers' diamond needs is vital for jewelry businesses.

Using the internet and social media for diamond and jewelry sales.

Innovations impacting all stages of the diamond supply chain.

A competitive process where rough diamonds are sold to the highest bidder.

Commitment to reserve resources for a country's economic development.

Industrial-grade diamond, typically included in other stones; often yellow, gray, or brown.

De Beers' sales arm for rough diamonds.

Membership-based entity facilitating diamond trading.

De Beers' marketing and sales arm (formerly CSO).

The retail portion of the diamond value chain.

Diamond deposits away from water.

Diamonds meeting specific criteria for jewelry use.

Diamonds used for industrial purposes.

Early diamond merchants (1890) buying and selling diamonds.

Large-scale diamond mining company.

Market for resale of gems and jewelry.

Rough diamond sales event for long-term customers.

Trusted buyer admitted by a rough diamond producer, long-term deals.

Centrally controlled diamond marketing strategy.

Rough diamond supply portion (mining, rough distribution).

Activities that increase a product's value for consumers.

Business strategy of operating in multiple segments of the value chain.

Only major diamond source before the early 18th century.

Dominated diamond production from early 1700s to late 1800s.

Historical diamond discovery that sparked the diamond rush.

Powerful diamond mining and marketing company.

Established De Beers to control diamond supply.