African countries.

More and more people become aware of the existence of a conflict or blood diamonds are used to military action against legitimate governments to finance. In 2004 the diamond industry has produced many a rough estimate of $ 11,780,000.

Benefits

One of the places benefiting from the diamond industry in Africa. However, diamonds are spoiled because of this continent conflict diamonds come from African countries. These diamonds are supposed to be used to finance civil wars and coups. However, since the implementation of the Kimberley Process, the diamond production in Africa has declined significantly. Moreover, most African countries join the fight against conflict diamonds and support the Kimberley Process.

Every piece of this precious stone is hard work. The stones should be cleaned, cut, polished, and fit. Since the diamond industry is very productive, has many jobs to people like mining. In Africa, poverty and employment paying people are rare. The economy has received proceeds from the sale of diamonds. Furthermore, Botswana’s economy depends on the diamond industry. Diamond offers many employment and investment income within and outside the country where the mines. Search or diamond is not an easy task. Diamond companies need to acquire land from the government before you start the diamonds. The purchase of land in the government contributes to economic growth.

The price of diamonds is not affected by inflation and deflation in the market. Finally, investing in diamond also affects the country situation and condition.

Posted in jewellery diamond | Tags: african countries, blood diamonds, civil wars, conflict diamonds, country situation, diamond companies, diamond industry, diamond production, inflation and deflation, investment income, legitimate governments, military action, precious stone, rough estimate, startling facts

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