Date of Award

2022

Document Type

Thesis

Degree Name

Master of Business Administration

Department

Marketing

First Advisor

Daniel Rubin

Second Advisor

Carol J Swanberg

Third Advisor

Iris Mohr

Abstract

This thesis examines the origin of diamonds, the diamond trade, and the perception of the diamond industry. I intend to explore the relevance of diamonds, especially engagement rings, to the Millennial and Gen Z generations. This thesis sets out to understand the social, economic, environmental, and financial costs of the diamond trade. Additionally, it aims to answer the following questions: what is a diamond, where does it come from, and why do people still want one? Is there a generational shift in the perception, desirability, and sentimental value of diamonds particularly around the engagement ring?

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