Assignment 3 DVA2603

Assignment 3 DVA2603 Benefication - Correct Answer-A commitment to reserve a portion of the resources derived from any country for the economic development of that country Best Practices Principles (BPP) - Correct Answer-De Beers' formalized commitment of itself and its sightholders to the highest ethical standards. Brick and mortar retailer - Correct Answer-A traditional store consisting of walls and a fixed location. Conflict diamonds - Correct Answer-Rough diamonds used by rebel movements or their allies to finance conflict aimed at undermining legitimate governments. Cutting center - Correct Answer-A city, region, or country with a large number of gemstone manufacturers. Electronic retailer - Correct Answer-Business that sells to consumers via television or computer. Kimberley Process (KP) - Correct Answer-Diamond industry program designed to ensure that diamonds crossing international borders are legitimate and do not fund civil conflict or terrorism. Supplier of Choice - Correct Answer-Program adopted by De Beers in 2001, in which it required its sightholders to help increase market demand for diamonds Supplier of Choice 2 - Correct Answer-Program adopted by De Beers in 2007 to answer critics and resolve shortcomings of its original SOC program. Vertical integration - Correct Answer-Involvement of a business or industry in all aspects of its product's market. The ______ controlled diamond prices by buying and holding supplies until demand increased. - Correct Answer-CSO A finished piece of diamond jewelry has much _____ value than a rough diamond crystal. - Correct Answer-greater The low-wage _____ cutting industry allowed ______ small, lower-quality stones to be processed for the jewelry market. - Correct Answer-Indian, Argyle's Beneficiation helps countries exercise... - Correct Answer-greater control over their natural mineral resources New diamond supplies combined with major _____ and _____ events led De Beers to institute dramatic changes. - Correct Answer-political, economic _____ _____ had to demonstrate the ability to sell diamonds and to add value to those diamonds in some way. - Correct Answer-SOC sightholders De Beers' efforts at reinvention proved to be an _____ process. - Correct Answer-evolving De Beers' advocacy of _____ responsibility had a more profound impact on the diamond market than its advocacy of _____. - Correct Answer-corporate, branding India's diamond manufacturing industry makes it a major force in the new _____ _____ _____. - Correct Answer-multi-channel market Electronic retailing showed an ability to sell a huge volume of diamonds without relying on the "personal touch." - Correct Answer-Electronic retailing The future of the diamond market in manufacturing and consumption may be in _____, especially _____ and _____. - Correct Answer-Asia, China, India Which diamond mine's huge production influenced the world market in the late 1980s? A. Ekati B. Argyle C. Jwaneng D. Kimberley - Correct Answer-B A commitment to reserve a portion of the resources derived from any country for the economic development of that country is called A. integration. B. beneficiation. C. Best Practices. D. the Kimberley Process. - Correct Answer-B A city, region, or country with a large number of gemstone manufacturers is called a A. trade center. B. market center. C. cutting center. D. business center. - Correct Answer-C One of the changes that resulted from De Beers' strategic review in 1999 was that De Beers A. stopped advertising diamonds. B. doubled its advertising budget.