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History to the popularity of diamond
Importance of Diamonds
Essay on 'history of diamond
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Diamonds Introduction For centuries, cultures have regarded diamonds as beautiful, magical, mysterious, and powerful. These precious stones have been sought after, fought over, and worshiped. Diamonds are associated with wealth, achievement, status, and love. The meaning and rarity of diamonds brings about much to consider when making a purchase. The rough gemstones must first be mined and cut. Once cut, diamonds are appraised to determine their value. Some of them undergo treatments to augment their appearance. Diamonds progress through these processes to be transformed into beautiful valuable pieces of personal adornment. Production Mining Diamond is a crystallized form of carbon that grows deep in the earth, under immense pressure and heat. This form of carbon crystal is the hardest natural substance known to humans. Diamonds are brought to the surface by volcanic eruption. These types of eruptions are referred to as pipe mines because they resemble pipes in the ground with molten minerals moving through them. The pipe's surface layer is a clay-like rock known as yellow ground for its color. Under the yellow ground is a layer of a mineral referred to as kimberlite. Both layers serve as matrices for diamonds. This mining process originated in India over 4,000 years ago, and the modern mining industry began with discoveries in South Africa in the late 19th century. Today, the top seven diamond producing countries, accounting for 80 percent of the world's rough diamond supply, are Botswana, Russia, South Africa, Angola, Namibia, Australia and Zaire. (Levinson 234) A good deal of technology is used in mining diamonds. The matrix is removed by blasting and by automatic block carving machines. ... ... middle of paper ... ...e of a diamond. The combination of all four characteristics is the final determining cost factor. There are many different combinations of size, color, clarity and proportioning that will affect the final value. (DiNola) Finally, there is the last "C" confidence, confidence in your jeweler. When you are ready to choose your diamond, see a reliable jeweler, one who is trained and will be happy to explain the four C's to you. He or she will tell you the difference between various qualities of diamonds and how these differences affect the price. Do not expect to find any "bargains" in diamonds, quality has its price. An established jeweler prizes his good reputation and will help you choose the best quality diamond. He or she knows you are looking for quality when you are making one of your most important purchases. (DiNola) Bibliography:
About status within your peer group. Even people on low monthly salaries would buy a high quality diamond: it was a family driven purchase.
Some of the highest producing diamond mines are countries in Africa. Countries that had some of the highest rate of conflict were Angola, The Democratic Republic of Congo, Sierra Leone, and Liberia. The ...
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.
You’re browsing along various websites searching for a new piece of jewelry to add to your collection. Suddenly - you see it. The piece that screams your name. It’s an elaborate piece with large cut diamonds and you just know those can’t be real. But they look so real, so you check out the price.
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”.
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...
I have chosen to talk about precious gemstones and crystals. There are many people now and days rediscovering the many uses of gemstones and crystals. To my knowledge each, have many different uses. They can be used as adornments, for health, for healing and for spiritual practices. You have probably never even heard of stones or crystals in this fashion before. I am going to take this opportunity to tell you what I know about this fascinating world that I have grown very accustomed to. I am not a gemstone/crystal specialist but, I do know enough about this topic to give you a slight overview about this topic.
For the past sixty-seven years, the citizens of India have embraced their country’s independence all the while seeking to regain their past. Prior to this renewed sense of freedom, India had belonged to the British Empire. From 1858 to 1947, the British government claimed India and its inhabitants as a colonial possession. Before the British Empire laid claim to the vastness of India, the British East India Company helped to oversee the transfer of the Kohinoor Diamond from the Sikh Empire to their motherland in 1851.
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
iii. India dominates the world’s cut and polished diamonds (CPD) market. In value terms, the country accounts for approximately 55 percent of global polished diamond market and nearly 9 percent of the jewellery market. According to GJEPC's provisional estimate, cut and polished diamonds registered 19.06 percent growth in exports at US$ 7.11 mn.
...er’s diamond cartel, the world’s most powerful monopoly, no longer exists, the company itself is still a billion-dollar business. The demand for diamonds is still great and the supply scarce. Diamond engagement rings are no longer seen as the only accepted form of engagement rings; therefore people look to cheaper alternatives. Although substitutes for diamonds are increasing in popularity and diamonds are no longer seen as the only symbol of love, are still in high demand. The interdependence of firms in the oligopoly market structure stabilizes diamond prices and still allows for the firms’ profits to be maximized. De Beers and the Central Selling Organization monopoly managed to set the price of diamonds extremely high. Although the oligopoly market structure regulates diamond prices, in relation to the useful value of a diamond 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.
Mining is the process or industry of obtaining minerals from the earth. Topics in this paper I’ll be specifically discussing are pros and cons of mining, structures of a mine, mining in general, California gold rush, diamonds in Africa, and comparison of diamond and gold mines.
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.
The third determinant of the diamond – related and supporting industries looks at the industry suppliers and...