The web page points out the controversy behind the De Beers organization involved in Diamond trade across the globe and accusing it stating that it buys illegal diamonds from African leaders and rebels who in turn use the money they get from the diamond sale to fund wars in their countries. The page also highlights some of the challenges facing the South African-based multinational company and the reason behind the shrinkage of their shares in the market. In response to this accusations, DE beers management opted to cast diamond into elements that show love and loyalty increasing the dominance of diamonds in the lucrative luxury market. Mr. Epstein, a managing director, referred to the allegations as a coup which is meant to destroy the company’s …show more content…
The page also mentions the origin of the word diamond which is derived from a Greek word-Adamas. The Greek word translated into English means firm which is the same case with diamonds since they are hard and have an optical luster. The page also states that diamonds originated from India where they were used for trading. In India, Diamonds were considered precious and their ownership controlled. From India, diamonds spread to the rest of the world especially to Greece, the ancient Rome, and the Ancient China. Each region in which the diamonds spread had their particular use for diamond. The page also highlights the use of diamond in the 19th and 20th century and diamond utilization in the current world.David in his work reports that the revenue obtained from the sale of diamond at Marange fields in Zimbabwe has been routed into parallel administration that is loyal to the president Robert Mugabe. David points out the amount of diamond that has been stolen by the President and his ruling regime and close allies amounting to a total of two billion American
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”.
Engagement rings initially served a double purpose. In the days when brides were purchased, these rings were partial payment for the bride in addition to symbolizing the groom's intentions and woman's agreement. Diamonds were first found in Medieval Italy and due to their hardness symbolized enduring love.
The controversial artist Kanye West has always attempted to make known what he thinks, no matter if he has to be disrespectful or graphic in his illustrations of said topic. So it wasn't a real surprise when he chose to focus his energy into reveling to the American public horrors happening that had a direct connection with the beloved diamond stone. West's 2005 music video “Diamonds from Sierra Leone” shows the corrupted underground diamond trade in the African country, Sierra Leone. From this groundbreaking video, West showed the devastated lives those who worked on the mining rivers live. However upon further investigation into the issue of diamond workers in Sierra Leone there emerged the true source of the situation, a violent conflict between the government and rebel leaders. Due to this conflict the entire country was thrown on a downward spiral. This downward spiral eventually resulted in the people longing for the conflict to stop and for the country to come together as one again. The people of Sierra Leone want to forget about the events that transpired during their civil war, however the more we look and attempt to learn from what happened, the better we set ourselves up for the future. West's video only depicts one side of a multifaceted struggle of the diamonds in Sierra Leone, however from this one side the public is encouraged to research more into the conflict themselves and uncover the truth behind the diamonds that we so desperately love.
Final contribution of de beers to the diamond pipeline is the promotion of diamond jewelry for the industry; through advertising campaigns developed from extensive market research; trade promotional activities and jewelry design competitions
A beautiful precious diamond can last forever, but what most people do not know is that the majority of our diamonds come from Africa. The civil wars in Africa over diamonds began around 1961 and ended in 2003. Conflict diamonds were rampant and it would be difficult to say if any jewelry sold prior to 2003 was conflict free. Conflict diamonds are diamonds that have been mined and controlled by African rebels. The rebels would use the profits from selling conflict diamonds to fund illegal activity and to purchase more weapons for their armies.
It’s hard to imagine that a mineral could be fueling wars and funding corrupt governments. This mineral can be smuggled undetected across countries in a coat pocket, then be sold for vast amounts of money. This mineral is used in power tools, parts of x-ray machines, and microchips but mostly jewelry. Once considered the ultimate symbol of love, the diamond has a darker story. "Blood" diamonds or "conflict" diamonds are those mined, polished, or traded in areas of the world where the rule of law does not exist. They often originate in war-torn countries like Liberia, Sierra Leone, Angola, and Côte d'Ivoire were rebels use these gems to fund genocide or other questionable objectives. Even with a system known as the Kimberly process which tracks diamonds to prevent trade of these illicit gems, infractions continue as the process is seriously flawed. The continuation of the blood diamond trade is inhuman, and unethical, and in order to cease this illicit trade further action to redefine a conflict diamond, as well as reform to the diamond certification prosess is nessasary.
Ans. 1) Genocide, child soldiers, slavery. Solomon was forced into slavery in a diamond mine, working in terrible conditions against his will by Captain Poison. After Solomon escaped his son Dia was captured by Captain Poison and he too was forced into slavery as a child soldier, Dia was brainwashed by the RUF and forced to take part in the torture and murder of innocent civilians, he was drugged and mentally tortured. Solomon’s whole village was burned down and the villagers who were not fit for work has their hands cut off. Those who were fit for work were torn from their families and forced into slave labour. Refugees including Solomon’s wife and
Deep within African mines, elusive diamonds lay enveloped in the Earth’s crust. Possessing much influence, beauty, and tension, nature’s hardest known substance causes parallel occurrences of unity and destruction on opposite sides of the globe. Diamonds, derived from the Greek word "adamas", meaning invincible, are formed deep within the mantle, and are composed entirely from carbon. Moreover, only under tremendous amounts of heat and pressure can diamonds form into their preliminary crystal state. In fact, diamonds are formed approximately 150km- 200km below the surface and at radical temperatures ranging from 900-1300 C°. When these extremes meet, carbon atoms are forced together creating diamond crystals. Yet how do these gems, ranking a ten on Moh’s hardness scale, impact the individual lives of millions of people besides coaxing a squeal out of brides-to-be? These colorless, yellow, brown, green, blue, reddish, pink, grey and black minerals are gorgeous in their cut state, but how are these otherwise dull gems recognized and harvested? Furthermore, how and why is bloodshed and violence caused over diamonds in Africa, the supplier of approximately 65% of the world’s diamonds? (Bertoni) The environmental, social, and economic impact of harvesting, transporting, and processing diamonds is crucial because contrary to popular belief, much blood has been spilled over first-world “bling”.
Although it may seem like a miniscule problem in today's society, two thirds of blood diamond sales are made in the United States. To me that shows two things, as Americans we are very superficial and materialistic but not only that, we also keep a blind eye to reality in third world countries if it will benefit us. The film's ending, in which a conference is held concerning blood diamonds, in an effort to bring awareness, refers to a historic meeting that took place in
The movie "Blood Diamond" was released in 2006 and featured Leonardo Di Caprio as an arms smuggler whose main goal is to obtain a seemingly priceless diamond from a villager during the civil war in Sierra Leone. The film marker is trying to raise awareness of the illicit conflict diamond trade and reinforcing the Kimberley process and showing how it will stem the flow of conflict diamonds. Blood Diamonds explores the underground world of the diamond trade in Sierra Leone, where rare diamonds are used to fund military rebels at war. The film is based on Archer, a man with a survival instinct and a passion for collecting conflict diamonds. The film opens in Sierra Leone, 1999 when Civil war rages for control of the diamond fields. According to
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
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.
[5] Diamond Industry Annual Review, De Beers Signs New Angolan Agreement, [internet] Accessed on: 13th November 2005, http://www.pacweb.org/e/images/stories/documents/addendum%20angola%202005-english.pdf
The film marker is trying to raise awareness of the illicit conflict diamond trade and reinforcing the Kimberley process1 and showing how it will stem the flow of conflict diamonds. This is successful mainly due to the public outburst after the movie. The great impact of the movie has caused diamond companies like De Beers2 to start a pre-emptive PR (public relationship) campaign, even before the movie was released to inform people that their diamonds are conflict-free.
One morning, a well-known gentleman went into a bank in London, and was received immediately by Mr. Alexander Holder, head of the bank. He asked for a loan of fifty thousand Pounds. Mr. Holder asked him to present collateral to cover that large sum of money; the man showed him a crown that belongs to the country. Knowing the risk, Mr. Holder agreed to lend the gentleman that large sum of money if he pays it back in a few days. After the gentleman left Mr. Holder decided to keep the crown all the time near by him, so he took the crown to his home in Streatham. There he lived with his only son Arthur and his niece Mary who was an orphan. He told them about his story with the crown of diamonds. When the father was going to sleep, Arthur asked for two hundred pounds. He refused to give him thinking his son was spoiled by his rich friends who had nothing to do except watch horses. Before going to sleep, he went to check that all windows and doors were locked. He saw Mary at a side window at the hall. She closed it quickly, and Holder noticed that she looked anxious. After he went to sleep, he heard some noise that woke him up; he waited until he heard it again coming from his sitting room. He jumped out of his bed and saw his son holding the crown broken from the side and three diamonds were missing. In grief, he accused Arthur of being a thief and a liar. Meanwhile Mary came in and seeing the crown fainted. Arthur asked if he could leave for five minutes but Holder refused and called the police to take his only beloved son to jail. The police searched the house but could not find anything and advised Holder to get the help of Mr. Holmes the famous detective.