What does Major refer to in diamond industry terms?

What does Major refer to in diamond industry terms?

• A. A global think tank for mining
• B. A consortium of jewelers
• C. Large-scale industry leader specializing in diamond mining
• D. The gem and jewelry resale market

Answer: (C)

In diamond industry terms, Major refers to one of the largest, vertically integrated mining companies that produce rough diamonds and often control significant portions of the supply chain from mine to market. This label signals scale and influence: these companies typically hold substantial production, own or partner with mining operations, and interact across mining, processing, marketing, and often distribution. That’s why the best fit is a large-scale industry leader specializing in diamond mining. It isn’t a think tank for mining, a consortium of jewelers, or the gem and jewelry resale market. Those terms describe different roles or market segments in the industry, whereas Major specifically denotes the dominant mining players with broad, integrated operations.

In diamond industry terms, Major refers to one of the largest, vertically integrated mining companies that produce rough diamonds and often control significant portions of the supply chain from mine to market. This label signals scale and influence: these companies typically hold substantial production, own or partner with mining operations, and interact across mining, processing, marketing, and often distribution. That’s why the best fit is a large-scale industry leader specializing in diamond mining.

It isn’t a think tank for mining, a consortium of jewelers, or the gem and jewelry resale market. Those terms describe different roles or market segments in the industry, whereas Major specifically denotes the dominant mining players with broad, integrated operations.