Ice cream trucks -- how do they order their goods? How are the products promoted? How does the ice cream truck guy communicate with the ice cream supplier about more orders?
Quote:
Originally Posted by 304065
Diamond trading. Don't let your professor say, "well they use the telephone." He can't say the telephone is an element of the New Economy as it's been around for well over 100 years.
And don't let him say, "well there are online purchasing outlets that drive demand which affects the fundamental supply/demand equation that drives it." That is also not true, Diamond pricing is set by a cartel, not by Blue Nile.
Look up "sightholder" and the way they do business, both here on 47th, Antwerp, South Africa.
Don't let him escape. Make him buy you dinner at Peter Luger's (the one in Brooklyn, not Great Neck)
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How are most diamounds cut these days? I think via computer controlled machines, vs. the old fashioned way.
And how do the cartels communicate their pricing strategies to the diamound sellers? Private courier? Most likely not -- probably via cellphone or email.
How are diamounds advertised?
But you may have something here...
-Z