DIAMOND AND OTHER MARKETS.

This article describes a kind of market that has been very important in history. The kind of diamond market it describes is one of over two dozen diamond bourses scattered over the world. In this kind of market, enforcement of contracts is easier because most of the participants are both buyers and sellers, everybody knows everybody else, reputation is important and there is arbitration available as a backup.

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1 Response to DIAMOND AND OTHER MARKETS.

  1. Mary Jane says:

    Luckily for Mr. Familias, I have never understood the appeal of diamonds. It’s almost as if the world has agreed to posit an arbitrary value on them and act accordingly.

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