Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Essay on 'history of diamond
The positive and negative impacts of diamonds
Essay on 'history of diamond
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Essay on 'history of diamond
Free diamonds, acquire at your own risk! Countries around the world are possessed with the most valued stones on the planet! A conflict diamond is when a rough diamond is mined in an area controlled by insurgent forces whose sale is used to finance anti- government military action.This multibillion dollar industry mines and sells these jewels to customers that can afford them. Sierra Leone, Angola, and the Democratic Republic of Congo are countries that are the main producers for the diamond industry and are the prime locations of “conflict” or “blood” diamonds. The term conflict diamond occurred when it came to the media during the late 1990s. Mainly in Africa, this prized natural resource is wanted by everyone because of its value. When mining these gems, the conditions and labor capability truly is affected, just to excavate the precious stones. Locals who work in the business such as men, women and children are extremely affected since they are endangering their lives to make a few bucks. Blood diamonds are immensely valuable and profitable, but the process of extracting these expensive gems are dangerous and costly. The country of Sierra Leone, located on the western coast of Africa is one of the main producers and exporters of the diamond industry today. The effect that “conflict” diamonds have on society in Sierra Leone has suffered horrible social and economic costs as a result from its civil war and fight over diamond control in the region. When the civil war was occurring within Sierra Leone, tons of money and was constantly being sent to the war. However when the war ended , Sierra Leone was left crippled. 1 Sin... ... middle of paper ... ... the DRC. It is great that funding these conflicts have seized. Last year, officials stated that diamond exports from the Congo grew $2 billion, nearly one fifth of the country’s gross domestic product. With this export growing larger, the diamond industry will also mature greatly here as well as across the world. Although “conflict” diamonds are still being committed throughout the world and mainly in Africa, the diamond industry still is growing and thriving stronger than ever before. The methods of extracting the prized gems everyone desires for maybe not fully safe proof, but it works and allows us to mine the most exquisite and profound jewels ever made by our planet. With the history of this industry traveling back for years, we can depend that it will enlighten us not just on the value or carat of a stone, but also the price of a life that gets you the stone.
...sumption, creates emission of greenhouse gases and other harmful chemical materials. Once released into the air, it can cause environmental problems, which in turn threatens not only the environment, but also the health of the people who live in it. In order to reduce the use of energy to help protect our planet and our health, the diamond mining industry has implemented renewable energy programs to monitor energy and carbon emission. Since its beginning, mining company PHP Billiton program has saved an equivalent of one million liters of diesel fuel per year at their Ekati Diamond Mine in Canada’s Northwest Territories. The health of the environment and the health of humanity are as one. Whatever we do to our planet, we do to ourselves. Reducing energy consumption of diamond mining not only helps protect our planet, but also helps protect the health of our people.
Should diamonds be seen as such highly sought-after, luxury goods, and marketed and sold at such extravagant amounts? While some individuals might be of the impression that diamonds are lavishly priced, because of limited supply, it is of my opinion that a very shrewdly-created cartel disguises the very reason for these “rare” gems seemingly being worth your “pretty penny”.
...t that their sons were child soldiers holding guns and striking down innocent civilians. The horrors and violence that occurred during this ten-year period are unthinkable. Many families are still rebuilding more than ten years later. For a resource that was supposed to bring Sierra Leone out of poverty to leave it in even worse conditions is sad to think about. Though diamonds from conflict areas are banned, some still find their way into the markets. It is up to the buyers of these products to really trace the history of each and every diamond for a stop in this conflict to happen. Consumers can also help by asking for the history of their diamond before buying one. If the world can do this, profit made from diamonds will be going to the right people and the responsibility of violence in conflict areas will no longer be on the diamond industry or the world.
Spar, D.L. 2006. Markets: Continuity and Change in the International Diamond Market. The Journal of Economic Perspectives. 20(3): 195-208
Said to be a girl's best friend, diamonds are often seen as a symbol of poverty, war, and death for many Africans. Due to the cruel and inhuman manner by which these diamonds are mined and process, the trade of these illicit gems must be stopped. Conflict diamonds or blood diamonds are often associated with war, forced labor, child labor, and smuggling. Paul Orogun wrote an article for in the journal, World Affairs, where he describes some of the brutal conflicts in recent African history. “Blood Diamonds and Africa's Armed Conflicts in the Post—Cold War Era”, in which he talks about the conflicts associated with the illegal diamond trade. Orogun de...
The ‘conflict trade’ is not limited to just diamonds. Rebel fighters and army units have also seized the trade in mineral ores, used in the production of many different electronics, from eastern Democratic Republic of Congo. All the while “subjecting the local population to massacres, rape, extortion, and forced labor” (Armstrong).
The movie shows different villages in different scenarios, with rich natural colors like brown, green, red etc. The cities are portrayed as hectic and intimidating, dirty and poor. After watching the movie “Blood Diamond” Directed by Edward Zwick I realized that the main issue or problem in the movie was the blood diamonds. There are much more issues and problems in the movie but I believe this is the most important because the whole movie revolves around the blood diamonds. Blood diamonds were used in this movie and were the main focus of the movie. The reason for blood diamonds being the main economic issue or problem is because of the blood diamonds people were forced to work as slaves to find diamonds in the water so they can be used to buy guns. Blood diamonds were the cause of all of these terrible acts, people dying to search for these diamonds so they can be sold. Also the other issues of blood diamonds were that a big company was buying a lot of these conflict diamonds from Africa for really cheap, the company was Van Da Kaap. It would buy an abundance of these diamonds and store them so the diamonds they acquire seem rare and so they can stay at a high price. The economic issue with this was that the company Van Da Kaap would not tell anyone of these abundance of diamonds because than if they did tell anyone, the prices of the diamonds would fall and this is called supply and
In 1867, huge diamond deposits were accidently discovered near the Orange River in South Africa. Cecil John Rhodes arrived at Kimberley Mine in 1874 and eventually began purchasing claims in the surrounding mines. Rhodes established DeBeers Consolidated Mines in 1888 to manage his assets. DeBeers allowed Rhodes and other suppliers to control the all-inclusive supply of diamonds by setting high market prices and regulating the output of diamonds into the market (Spar, 2006: 197). Ernest Oppenheimer gained control of DeBeers in 1929, after the death of Rhodes in 1902. The Central Selling Organisation...
Fought over for centuries and claimed by many, the owner of this diamond only yields it to another at the cost of an empire. Believed to have originated from the depths of an ancient Indian mine, the Kohinoor Diamond is a missing link to an illustrious past of a fledgling modern nation. Since its independence, Indians, both in the Republic of India and those who reside throughout the Commonwealth, have demanded the return of the sacred jewel. A demand the British government has continually refused. For the British, the diamond is also a reminder of their renowned past when the sun never set upon their domain. Forever covered in the blood of its past owners, men and nations will continually fight one another, rather with words or war, just for the opportunity to hold the cursed gemstone.
Santarossa, B. (2004, January 13). Diamonds: Adding lustre to the Canadian economy. Retrieved November 06, 2017, from https://www.statcan.gc.ca/pub/11-621-m/11-621-m2004008-eng.htm
The price of diamonds has been controlled, up until recently, by cartels. Cartels are formed when suppliers of a particular product or service formally agree not to compete with one another. Cartel agreements usually determine the price, output and supply levels as well as where and to whom the product will be distributed to. De Beers is one of the commonly heard names with regard to diamonds. Up until recently De Beers controlled the diamond industry. It both created and lost the most powerful monopoly in history. Through a discussion of how the cartels operate and the laws of demand and supply, one will be able to determine whether the price of diamonds is too high.
In “ “Blood Diamonds” and Africa’s Armed Conflicts in the Post – Cold War Era, “ Orogun (2004) said that diamonds are referring as “clean stones”. This article explains about the black market is really happening in African. I am using this article to support how the black market of diamond trades is still not regulated, and they defined it as “licit” trade.
...l the flow of conflict diamonds. Both assure consumers that more than 99% of rough stones today come from conflict-free sources which are regulated by the Kimberley process. According to the people who profited from diamonds, the blood diamonds problem is passé5. Further research tells us that it is not. According to Father Rocco Puopolo of the Africa Faith and Justice Network, he says “It’s not passé,” “the diamond industry can claim what they want and the film will always serve as a template for what is going on in Africa today.” This point out that labour exploitation and conflict (for control of precious resources such as gold) may still be going on in Africa.
..., authentic diamonds anymore. Diamond mining has supplied jobs over the years meaning that the people that have relied on mining for an income would be left jobless over time. If artificial diamonds replaced natural diamonds completely the African economy would suffer because diamond mining has been the country’s source of income for many years. Diamonds had helped to fund one of Botswana’s biggest HIV/AIDS programs that helped with the prevention and treatment of the diseases. ‘From a population of 1.6 million people, around 37% suffer from either HIV or AIDS.’
Before the discovery of diamonds in South Africa, a diamond trade had only truly existed in India and Brazil. No sizable deposits had yet been found and as a result of this, diamonds commanded an exorbitant price. However this all changed when the first diamond was discovered in the Kimberly region of South Africa. Soon after mines started springing up all around Kimberly, with the Vaal River ...