Diamond DA42

One project funded by the World Bank is the gold mine Yanacocha in Peru. The World Bank has funded the Yanacocha mine in order to help build and expand the mine. This gold mine is a very large operation. It is hundreds of square miles high and is as high as 13,000 feet. “Since 1993 this mine has produced more than 35 million ounces of gold. It is the largest gold mine in South America.” (Hallman and Olivera). The World Bank owns a small stake in the mine. “This gold mine has…

The concept of blood diamonds is one that people know too well, as a consequence, consumers have pushed back and demanded that all diamonds come from unethical suppliers. Gold has followed a similarly wrong turn, which leads to asking what the real price that we are paying for gold, is it merely the store tag or greater the ecological and social impact that we are leaving on the earth. From 2000 to 2010 the price of gold has grown exponentially, this has triggered a gold rush in Peru. The region…

reality of the diamond industry in Sierra Leone, there is a need to take a look back in its history. Sierra Leone was colonized by the English, in which, the De Beers Corporation controlled much of the diamond mining area in Sierra Leone. Despite gaining independence, the diamond sector was still controlled by the De Beers. De Beers took the advantage of the instability of the newly formed government, allowing it to take control of almost all of the diamond operations in “diamond mining region…

Illegal diamond smuggling has turned portions of modern Africa into underdeveloped and overridden with rebels. Fraught with the evils of greed and violence, Sierra Leone continues to suffer from the blood diamonds being smuggled out every day. Greg Campbell, the author of Blood Diamonds: Tracing the Deadly Path of the World’s Most Precious Stones, proclaims “The discovery of those diamonds-- which, until then, had been deemed to be just another worthless piece of gravel by the locals-- placed…

significance of engagement rings by including a graph of diamond imports by year in 1930 through 1963. In the graph there is a gradual increase in diamonds around 1935 to 1944, then there is a large increase in the imports of diamonds around 1950. This data shown on the graph helps the reader interpret the importance of engagement rings in the early and mid-1900’s. The author includes an ad for DeBeers as well that has a quote on it saying “Because a diamond is forever.” O’Brien also uses…

Diamond mining is a beneficial industry for the economy, but many worry that the money gained from the industry isn't worth the cost of how diamond mining affects people and the environment. While there are precautions taken the argument "Diamond Mining: Harmful to the Environment" is the best supported argument as the author appeals to the majority of people's emotions with an ecofriendly view, uses specific examples that are relevant to our world today, and proves their point strongly…

Diamonds. These small and rare rocks have been considered prized possessions throughout the ages. Diamonds are as old as the earth itself, and ever since their discovery they have captivated humans. Diamonds have come to represent many things, but in this paper, I will focus on power. I will track a certain diamond through its’ dated 350-year period, and use it to understand the individuals who owned it and the power it gave them. The diamond I refer to is the hope diamond. The Hope diamond is…

“Diamonds are a girl’s best friend” is a common phrase. The higher the price on jewelry whether it is a watch, necklace or ring, depends on the amount of carats of diamond included. The diamonds beauty and shine brings joy onto the faces of women as they get treated by their significant others. People buy expensive jewelry because it looks good, makes people feel wealthy, and is considered a luxury. However, consumers did not always know where these diamonds originated about 15 years ago, it was…

Diamonds Are Forever. Or so the De Beers mining company would like to remind us. For a century, if you purchased a diamond, there was a 90% or higher chance that The De Beer mining company brought it to market—a true monopoly. The last three and a half decades have not been so kind to the firm, with market share crashing to a “mere” 35%. This company was founded by none other than Cecil Rhodes. Rhodes was archetypically imperialist. We are given a small glimpse of Mr. Rhodes’ brand of…

De Beers focuses on building brand Nothing is forever in business, not even diamonds. Ask De Beers, which runs the world 's diamond cartel. The London-based company, actually De Beers/Centernary, has developed and inflated the connection between diamonds and romance -- a link that goes back only to the 19th century. Its highly effective advertising slogan, "Diamonds are forever," was established in 1948 and is still going strong. "De Beers ' operating strategy has been pure and simple," says…