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Institutional Aspects of the International Diamond Market’s Organization and Functioning
https://doi.org/10.32609/0042-8736-2009-10-62-79
Abstract
The article analyzes the institutional and structural heterogeneity of international diamond market. Two market levels are considered: diamond primary supply (by mining companies) and the level of rough diamonds resales and polished diamonds manufacturing. It is shown that on the primary diamond market level the oligopoly structure has been established, and the secondary rough diamond market level is competitive. On the primary market level contractual commitments are enforced by "block booking sales"; on the level of rough diamonds resales and polished diamonds manufacturing — by social and ethnic homogeneous groups and networks as well as by reputation.
About the Authors
М. Levin
State University - Higher School of Economics
Russian Federation
Russian Federation
I. Sheveleva
Academy of National Economy under the Government of the Russian Federation
Russian Federation
Russian Federation
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Review
For citations:
Levin М., Sheveleva I. Institutional Aspects of the International Diamond Market’s Organization and Functioning. Voprosy Ekonomiki. 2009;(10):62-79. (In Russ.) https://doi.org/10.32609/0042-8736-2009-10-62-79
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