What “cost of quality” criteria (i.e., prevention,
appraisal, internal failure, and external failure costs) might be
included in an analysis at the following stages of a global diamond
supply chain---mining, cutting and polishing centers, and retail
jewelry store? Explain. Provide examples.
The Global Value Chain for Diamonds
A simple way to view the major stages of the diamond value chain
is exploration, mining, rough diamonds, polished diamonds, and
customer jewelry. It is normally 18 to 36 months from the time...