Analysis of the Diamond and Polished Diamonds Market in Russia: Consequences Under COVID-19

DOI

10.2991/assehr.k.201105.032How to use a DOI?

Keywords

Diamond mining, polished diamonds production, restrictive measures, pandemic, anti-crisis measures, consumer demand, regional dimension

Abstract

Research on the impact of the coronavirus pandemic is relevant to the economies and societies of the world. From a scientific point of view, this experience is unique and has not yet been applied in the modern economy. Within the framework of this article, the object of research is the industrial production of polished diamonds. One of the properties of the socio-economic system of the world diamond and polished diamond market is its dynamism, which consists in changing the parameters and structure of the system under the influence of internal and external factors. A characteristic feature of a socio-economic system (SES) is its active response to the emergence of new factors (in our case COVID-19) and the ability of SES to act actively depending on changes in numerous factors. The article presents the main points of the chronology of events of the 1st and 2nd quarters of 2020 related to COVID-19, which affected the global diamond and polished diamond market. The results of the impact of restrictive measures analysis under COVID-19 on the financial and economic activities of diamond mining and diamond cutting companies are presented in detail. Changes in business conditions for polished diamonds producers in Russia were discussed separately. We have highlighted the active reaction of the world diamond and polished diamonds market to changes in external factors.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - E.E. Grigoryeva
AU  - G.D. Evstafeva
AU  - N.R. Sentizova
PY  - 2020
DA  - 2020/11/06
TI  - Analysis of the Diamond and Polished Diamonds Market in Russia: Consequences Under COVID-19
BT  - Proceedings of the Research Technologies of Pandemic Coronavirus Impact (RTCOV 2020)
PB  - Atlantis Press
SP  - 169
EP  - 175
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.201105.032
DO  - 10.2991/assehr.k.201105.032
ID  - Grigoryeva2020
ER  -