READ THIS CAREFULLY! investigate the legal aspects of the Blue Nile Inc., case. demonstrate applied working knowledge of business law. DO NOT CONFUSE LAW WITH ETHICS, FOCUS ON LAW. Therefore, please follow the structure listed below:

1) INTRODUCTION: In the first paragraph, 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.