More and more people are aware of the existence of the conflict or blood diamonds that are used for the financing of military action against legitimate Governments. However, not anything relating to diamonds is bad. Keep in mind that this precious stone always associated with good things such as undying love, prosperity and wealth.
For some people this precious stone their way to their undying love. And for others, the stone has a great economic significance. The diamond industry produced in 2004, numerous rough diamonds with an estimated amount of US $ 11.78 million. Therefore there is no doubt that this great industry is still numerous jobs and it has great influence on the economy of Nations.
The benefits
One of the places that take advantage of the diamond industry is Africa. However, diamonds from this continent are flawed because conflict diamonds originate from African Nations. These diamonds are supposed to be used in the financing of civil wars and coups. However, since the implementation of the Kimberly process, the production of blood diamonds from Africa dropped considerably. In addition, most African Nations join fight against conflict diamonds and in support of the Kimberly process.
Every piece of this precious stone requires hard work. The stones need to be cleaned, cut, polished, and formed. As the diamond industry has been extremely productive, it offers numerous jobs to people such as mining. It helps families who have no source of income at all. In Africa, poverty exists and jobs that people pay are rare. The economy has benefited from the sale proceeds diamond. Botswana's economy is also dependent of the diamond industry. Diamond investment offers many employment and income generated within and outside the country where the mines are located.
We all know that taking a diamond strength to a lot of work in the mines required. Finding or getting diamonds is not an easy task. Diamond companies need a country from the Government to buy before they start taking diamonds. Buying a country of the Government helps in the growth of the economy.
The price of diamonds is not affected by inflation and deflation in the market. In fact, this precious stone considered the give commodity because it is good to keep will have in the future. As a result, the customer buy this kind of product that gives good yields. Finally, invest in diamonds also affects the current position of the country and the condition.
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