The Diamond Supply Chain

Published in: Innovation and Development for the Americas: Engineering, Education, Research and Development: Proceedings of the 8th Latin American and Caribbean Conference for Engineering and Technology
Date of Conference: June 1-4, 2010
Location of Conference: Arequipa, Peru
Authors: Brian DeRiggi
Lauren Mamros
Branden Munshower
Ewa Rudnicka
Refereed Paper: #115

Abstract

A diamond in the rough is very valuable. The ending piece of diamond jewelry, the highly sought after product, is worth much more. Information about the secretive diamond industry is not well-known, nor is it well- understood how diamonds have become a source of great value. In order to transform the discovered diamond deposits mixed in with dirt and rock fragments, diamonds must go through a series of processes. Supply chain management is the integration of activities that procure materials, transform them into goods, and deliver them to customers. The diamond supply chain consists of the diamond exploration process, mining, sorting, cutting and polishing, jewelry creation, regulation, and the selling of the final product. This paper describes the supply chain of diamond industry.