Case 13 Blue Nile INC: ''Stuck in the middle of the diamond engagement ring Market'' by Alan N Hoffman

1) INTRODUCTION: In the first paragraph, in three to four sentences, please define business law, and then state its relevance and applicability to the Blue Nile, Inc.

2) INDUSTRY: In the second paragraph, identify and describe the purpose of the existing laws relevant the diamond industry, both at national and international levels, and explain what mechanisms Blue Nile Inc., should use to enforce these laws. (This may involve additional research on your part, outside the information provided by case.)

3) MANAGEMENT: In the third paragraph investigate and describe legal aspects and laws related to general management, as applicable to the Blue Nile, Inc. These should include problems (with potential legal impact), which you identified during the audit (e.g., IT, HR). Explain how you will ensure that the company abides by such laws. 4) CONCLUSION: In the fourth paragraph, you should simply conclude why and how you will make managerial changes relevant to business law.