1. Research short- and long-term risks in the global diamond supply chains and write a short paper (maximum of 3 pages) defining what these risks are and how they are mitigated by major diamond producing corporations.

2. Obtain the annual report of a major diamond producer such as DeBeers, ALROSA, Rio Tinto, BHP Billiton, and perform a cash-to-cash conversion cycle analysis of their business.  What conclusions do you reach? Explain the implications of the analysis for the firm.