Question

Does government have a role in the diamond market? Has past government involvement been good or bad for the consumer?

Answer 1

->The natural that this shift in consumer culture would make its way to diamonds, often one of the most meaningful, and financially significant, purchases of an individual’s life.

->The term “ethical diamond” has emerged as a way for conscientious consumers to identify diamonds that are mined without exploiting workers or the environment. But what are the issues facing miners and mining ecosystems? What are “ethical diamonds” exactly? And how do you bypass sophisticated, and often misleading, marketing tactics in order to procure one is the

DIAMOND MAINING.

->Diamonds are found two places: miles underground the earth’s surface in ancient kimberlite formations (extracted via pipe mining) and in riverbeds and the ocean floor (extracted via alluvial mining).

Government role in diamonds market: -

  

As you would assume, the influence of government can play a huge role in how you are able to success within your market. The conditions of your home market, the influence of taxes (both domestic taxes and taxes on trade), and much more can be influenced by decisions that are made within the government. It isn’t just the federal government that you need to worry about, either – decisions made at all levels of government have the potential to greatly impact your bottom line both this year and for years to come.

The business world becomes more and more global with each passing day. As technology makes it easier to communicate with those on the other side of the world, and improved travel makes it easier to physically reach a market thousands of miles away, the barriers that once stopped companies from competing overseas are quickly being torn down. Even if you operate a relatively small business, there is a good chance that you are influenced in some way by the forces of the global market. Using Porter’s Diamond, you should be able to gain a better understanding of exactly how your home nation impacts what you can do as a company both today and for years to come.

GOVERNMENT INVOLVED GOOD OR BAD FOR CONSUMER: -

The consumer demand for diamond jewellery has lifted globally.The demand for rough diamond also increased in 2016, supported by consumer demand and the midstream re-stocking that followed a period of weaker purchases towards the end of 2015,” it said, adding, “These trends, it said, have continued so far in 2017, with improving retail sentiment being reported in the important

If government may not involved in the demand of diamonds market the company may cheat the people by selling the waste diamonds. And by Govt involved their pay the tax per that also that may help increase the economy of govt.  

What ever if the government not involved then loss the country economy nd consumers of diamonds.