Read and prepare The De Beers Group: Exploring the Diamond Reselling Opportunity. Discussion questions to prepare $($alone or in small groups$)$:

$1$ Why do diamonds sell for such high prices? Why do pre$-$owned diamonds typically sell for such low prices?

$2$ Why is De Beers testing the diamond reselling market? How does IIDV affect the market for polished diamonds? The market for rough diamonds?

$3$ If you were Tom Montgomery, what would your pitch be to the Executive Committee to launch IIDV as a permanent standalone business?

$4$ If you were a member of the Executive Committee, would you vote to end the pilot program, extend it or convert it into a permanent standalone business. Why?