Institutional Aspects of the International Diamond Market’s Organization and Functioning

М. Levin and I. Sheveleva

Voprosy Ekonomiki, 2009, issue 10

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.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2009:id:934

DOI: 10.32609/0042-8736-2009-10-62-79

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