Use this URL to cite or link to this record in EThOS: https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.778974
Title: Facets of value : an investigation into the formation of worth in the diamond market
Author: Mulcahy, Rian
ISNI:       0000 0004 7964 676X
Awarding Body: London School of Economics and Political Science (LSE)
Current Institution: London School of Economics and Political Science (University of London)
Date of Award: 2017
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Abstract:
This study is a sociological exploration into the formation of worth in the diamond market. It contributes to the current sociology of markets literature by building upon a framework that integrates the cultural, structural and institutional factors that may affect how value is formed and performed in this market. Beginning at the point of exchange this study examines how value is created through meaning, how value might be performed through displays of distinction, what tools one might use to judge value and finally how this value can be measured. The study first approaches the notion of worth from the perspective of the demand-side of the market, and using online observations of a popular wedding website, it examines the different ways in which a diamond ring might provide value for a consumer. The study then explores the notion of worth from the perspective of the supply-side of the market, and suggests that the diamond classification system known as the "four C's" is the bridge between the supply and demand-sides of the market as it provides consumers with the ability to distinguish and therefore operationalise value, while allowing the sellers to demonstrate different classifications of value. By approaching the notion of worth from both the supply and demand sides of the market in this way, the aim of this study is to illustrate the social nature of value.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID: uk.bl.ethos.778974  DOI: Not available
Keywords: HC Economic History and Conditions ; HF Commerce
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