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They have to know a lot about the diamonds offered and have to be able to communicate well with consumers because of the barrier that the internet has between individuals.
- Costs are going to stay lower because of their supply chain innovation, and lack of stores and labor.
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Harper Tucker
Management 415
February 11, 2008
1. Economic Features-
- In 2006, the jewelry industry in the US was estimated a 55- 60 billion dollar industry.
- The US jewelry market had grown at a compound annual rate of 5.7 percent of the last 25 years.
- In 2005, the US was believed the represent about 50 percent of the global diamond jewelry market...
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