Skip to main content Accessibility help

We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.

Close cookie message
×
  1. Home
  2. Search

Refine search

Refine search

Access:
Content type:
Publication date:
Apply   From and To filters
Subject: Show more
Journals Show more
Publishers: Show more
Societies Show more
Series: Show more
Collections: Show more

Actions for selected content:

Select all | Deselect all
  • View selected items
  • Export citations
  • Download PDF (zip)
  • Save to Kindle
  • Save to Dropbox
  • Save to Google Drive

Save Search

You can save your searches here and later view and run them again in "My saved searches".

Please provide a title, maximum of 40 characters.
Cancel
×

1 results

  • Chapter 10 - Facets of Worth: Valuation Processes in the Polished Diamond Market

  • from Part III - Valuation
  • Edited by Susi Geiger, University College Dublin, Katy Mason, Lancaster University, Neil Pollock, University of Edinburgh, Philip Roscoe, University of St Andrews, Scotland, Annmarie Ryan, University of Limerick, Stefan Schwarzkopf, Copenhagen Business School, Pascale Trompette, Université de Grenoble
  • Book:
    Market Studies
    Published online:
    22 November 2024
    Print publication:
    21 November 2024, pp 165-175

  • Summary

    This chapter operationalises a theory of value formation that suggests processes of valuation have two dimensions: evaluation and valorization. It argues that the value placed on a diamond after the practices of valuation have taken place has been altered by the very act itself – how the valuation has been done, by who and for what the purpose. The grading, pricing and trading of polished diamonds exist within a socialized sphere of interconnected relationships reinforced and impacted by power structures and institutional status at every point in the market. Using the diamond market case study, the chapter demonstrates how the institutions that structure the market are not static but dynamic, constantly challenged by the network of actors within the market. The resulting valuations and exchanges that are therefore both highly performative and hierarchical.