1、Minutes of the 2nd meeting of the rough diamonds purchasing CommitteePresent:Jingwei Li ChairLijun Yang Secretary Hongjuan Xia Committee member Xiang Li Committee member Yuzhu Lai Committee memberItem 1 Election of Chair and the SecretaryAll people agreed that Jingwei to be the Chair and Lijun as th

2、e Secretary.Also, we agreed that everybody in the committee will take turn to be the roles of Chair and Secretary.Item2.Introduction of the Mercy CompanyOur company- Mercy, which was founded in 1920, is an international diamond company which can do the jobs of incising, insetting processing and sell

3、ing all together. Our main crowd to locate on is the couples who are about to get married，couples who are in loved, and all these people who want to use diamond as their testimony of their love. As the biggest and most famous company in the field of diamond, we have made diamond trading with some co

4、mpany of South-Africa before, and our financial power is very strong. In order to maximize benefits, we are determined to seek more company and choose the most appropriate one to import rough diamonds.Item3.The Information of rough diamonds:Color: a colorless for the best, tone the deeper quality is

5、 poor. Colorless diamond color grading, the top color is the D color, and flows down to Z, here we just say the color levels from D to J , levels of D-F is a colorless, G-J is near colorless, level, there is basically no collection point down from King, but k-color follows the policy of holding gold

6、 can be quite beautiful. Because down from King Diamond will gradually yellowish, when we choose drill, color of the selected h above as far as possible, I-J level, while also in near-colorless aspects, but we can also detect a trace of yellowish. Some red colored diamonds, such as red, pink, green,

7、 blue, and so on, are under the diamond of treasures, which are expensive. And the red diamond is most precious. Clarity: clarity grading is based on the contents of the location, size and number of divided. purity level from high to low detail can be divided into FL,IF,VVS1,VVS2,VS 1,VS2,SI1,SI2,SI

8、3,P1,P2,P3. should look closely under microscopes 10 times diamond cleanliness, defective more, where they are more obvious, the quality worse, lower prices were accordingly. Where: FL-Flawless, perfect. There are no flaws Inside and outside the 10 times microscopes.IF-Internally flawless. Only slig

9、ht scratches on the surface under the 10 times microscopes. VVS1, VVS2-Very Very Slight, very, very small. Under 10 times microscopes. it is difficult to see the flaws. NET VVS1 is better than VVS2.VS1 and VS2-Very Slight, is very small. Under 10 times microscopes it is able to see the flaws, but il

10、legible to the naked eye. NET VS1 is better than VS2. SI1 and SI2-Slight Inclusions, small defects, may be seen to the naked eye. I1, I2 and I3-Imperfect, there are flaws, can be seen to the naked eye. Carat weight: in the same case as the other three c, price and weight is proportional to the squar

11、e of the diamonds, weighs more, higher value. Weight is measured in carats of diamonds. 1 Carat (CT) = 0.2 grams (g). 100 one carat was cut into, each is one point on market price tag is the subject of 0.3ct,0.4ct is what we call one minute 30. weight will also have the level of distinction between0

12、.30ct-0.39ct,0.40ct-0.49ct,0.50ct-0.69ct,0.70-0.89ct,0.90-0.99ct,1.00ct-1.50ct,1.50-2.00ct (each level respectively, separated by commas, Not a level, even if one, the price will differ by many .Cut: a diamond stone, even if thrown onto the main road, no one will pay attention to, is cut giving it a

13、 second life, so it has a gorgeous fire. nude drill cut refers to the finished product all kinds of flap surface geometry and alignment of. Cut into cutting, polishing, three Fish. Each with five levels, from highest to lowest order EXCELLENT, VERY GOOD, GOOD, FAIR, POOR. We have seen in General is

14、the standard round Diamond Cut. Top cut of stone, it for light of reflection can reached a most close to perfect of proportion, is we said of three item e x (EXCELLENT) cut, but like this cut of price also will slightly your some, because it of out into rate than lower, it will than is not three ite

15、m EX cut of price high 5% around, but three item EX of stone of fire color absolute is most gorgeous of.Item 4.Decide the origin of the bare diamonds: Characteristics of the Indian diamond: India is the nation that found diamond first and use diamond as jewelry first . But their output of diamond is

16、 quite low. Characteristics of the Brazilian diamond: Their extraction is low . Characteristics of the diamond in Republic of Congo: their diamond is mostly used for industry , and their diamond that can be used as jewelry is little . Characteristics of the Russian diamond: They have high qualities

17、and they have independent system of extracting , processing , and selling diamond . Characteristics of the Australian diamond : Their storage of diamond is large . Characteristics of the South African diamond : Their diamond particles are large and they have high qualities . Their output is less tha

18、n some countries like Australia, but their diamond purity is the best and their output value stands on the world . And in peoples minds, the diamond of South Africa is the best. According to the analysis above, we decide to choose South Africa as our cooperator.Item5.Decide the company that we will

19、cooperate Michael Diamonds : Their company is located in South Africa and they has high quality in diamond source and processing and they have cooperated with many big famous international diamond companies. They can provide a long-term cooperation and serve . Through their great effort, they have s

20、tood on the top position . And their price is reasonable.De Beers limited liability company: It is an old brand. Since it was started, it has become the leader of the diamond industry and the quantities they produce are the largest . They develop a strategy that is choosing clients. They dont let ot

21、hers choose them , on the contrary, They choose the collaborators according to their financial position , market position , wholesale capacity , selling capacity , commercial reputation , and processing technology of the diamond . Petra Diamonds is Londons largest quoted diamond producer and offers

22、an exceptional growth profile, with a core objective to increase annual production from the current 1.1 million carats per annum to over 5 million carats by FY 2019. The Company has a well-diversified portfolio, with majority interests in eight producing mines: seven in South Africa (Finsch, Cullina

23、n, Koffiefontein, Kimberley Underground, Helam, Sedibeng and Star) and one in Tanzania (Williamson). The step-up to the Main Market follows a pivotal year for the Company in which it has further consolidated its position as one of the worlds leading diamond mining groups through the acquisition of t

24、he Finsch mine from De Beers in September, increasing the Groups gross resources to over 300 million carats.Analysis:Table 1:AreaIndiaBrazilRepublic of CongoRussiaAustraliaSouth AfricanExtractionQuite lowQuiet lowHighHighHighHighOutput valueCommonCommonmostly used for industry50% of total production

25、5% of total productionPurity is the best and 50% of total productionSymbol companyCredit ratingMedia evaluationlocationfeatureTable 2:Symbol companyCredit ratingMedia evaluationlocationfeaturePetra DiamondsAA+(SandP)AA(HP)Also ways have good qualitySouth Africa High qualities, . purity is the best,

26、output value stands on the worldMichael Diamonds AA-( SandP)AA-(HP)A developing companyDe BeersBBB+( SandP)A(HP)One of the best diamond company all worldRosy BlueAA-( SandP)BB(HP)Powerful diamond companyIndianfound diamond first, use diamond as jewelry first . low output.napnetA+( SandP)BBB(HP)Big d

27、iamond companyBrazilianlow extraction BHPBillitonLtd.BrokenHillProprietary Billiton LtdAA+( SandP)AA(HP)Huge and powerfuldiamond companyAustraliaLarge storage of diamond Smolensk DiamondsBBB+( SandP)BB(HP)With high reputationAnd rich funds RussiaHigh qualities, independent systemMIBABBB+( SandP)BBb(HP)The biggest company in Congo also very powerfulRepublic of CongoDiamond that can be used as jewelry is little.Table 3: