Additional posting- Social Issues – The True Price of Diamonds

There are various fortunes all around the world. One of these is diamond. There are several places in earth that people can get rough diamonds from, but it's not that simple to get them. In this essay I will take a look at diamond history, who controls it as well as the important locations along the trade route these most valuable of rocks pass.

First of all I will take a look at diamonds history. For starter, one notable concern is with regard to its discovery. To illustrate, diamonds were first discovered in a town called Golconda in India 4000 years ago. In addition, many companies started their mines in their own countries; Like De Beers Consolidated Mines Ltd in South Africa. An additional factor to take into consideration is with respect to the control of diamonds. To clarify, De Beers Consolidated Mines Ltd controls 2 out of 3 world's rough diamond trade and in the early 20th century it turned into global giant so it keeps the diamond price the same.( focus on Diamonds 1). Furthermore, another company which is in Antwerp associated by Jewish society has almost 80% of the world's rough diamonds go through this city.
A major point to consider is regarding the route of diamonds. For instance, the cheapest diamonds could be found in India, because 90% of the world's rough diamonds are cut and polished there and they pay their labors 40 Cents only for 1 gem. The problem that they don’t get them from their own country, they import them from other countries like Belgium and South Africa. Moreover, another Company has become popular for their diamond is located in Dubai.UAE gave many new ideas and deals to improve their diamond trade, so its business worth near £1 Billion nowadays.

In brief, for thousands of years, diamonds have been an internationally recognized symbol of love, romance and marriage. However, a portion of the world's diamonds come from areas where war and bloodshed are an everyday occurrence so many companies were made just to find these rough diamonds and turn them to shiny and beautiful. Trading diamonds became much popular than before, because nowadays a lot of people buy diamonds to show their personality through them such as hip hop stars and celebrities

Works Cited
"Focus on Diamonds." Global eye. Ed. Royal Geographic Society. 28 May 2009 .