How the internet and affiliation systems revolutionised the diamond industry

How the internet and affiliation systems revolutionised the diamond industry

This session presentation discusses the diamond industry, and how the internet and e-commerce are transforming the status quo.  

Published 15th December 2016

By looking at the history of diamond trading and the commodity’s value chain, we begin to understand why diamonds are so precious and rare. 

The global demand for diamonds is vast and constantly growing, while the output from diamond mines is declining. The introduction of the internet and specialised software into the diamond industry’s value chain allows for backward integration that streamlines the processes involved. These processes therefore give way for overlaps between diamond trading platforms and financial trading platforms.

Key learning points:

  • Lessons that can be learnt from the diamond industry
  • How online businesses transformed operational practices
  • Processes to implement for diamond trading platforms vs. financial trading platforms

 

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