Answer to Question #307307 in Management for suvi

Question

Do you think De Beers still wields some bargaining power in the supply chain as a supplier of diamonds, seeing that its diamond market share has decreased steadily over the years? Motivate your answer. (20) 

Answer 1

De Beers, the world's largest, and arguably the most famous, diamond producer has suffered from a number of factors including: an economic slowdown in major markets such as China and India; a surplus of rough diamonds to the global market; diamond recycling; and increasing competition from the synthetic market.