Diamond dust

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…

Commodification is the process by which material objects are turned into marketable goods with monetary value based on equivalent commodities. In relation, the Marx idea of commodity fetishism is related to this by which all value is derived from an abstract unknowable meaning, and the original meaning or use is absolutely gone. Commodification is evident Ed Kienholz’s watercolor artworks. In exchange for a service or material possession, he would offer a watercolor painting as payment. He was…

The Kimberley Process is a joint government, industry and civil society initiative to stem the flow of conflict diamonds – rough diamonds used by rebel movements to finance wars against legitimate governments (De Beers Group, 2012). Business Action for Africa is an International business and organization from Africa. As Business Action for Africa in support of three primary objectives: positively influence policies needed for growth and poverty reduction, promote a more balanced view of Africa,…

Since the early 20th century De Beers Corporation has had a monopoly on the world’s diamond supply. This monopoly has essentially enabled them to set the price for diamonds as they made up the largest market share, thus at their peak they controlled up to 80% of the worlds rough diamond supply. Through their tactic of restricting the supply of diamonds, the De Beer Corporation has made diamonds, into a luxury good. Over the past 100 years they have consolidated their vast share of the market…

In the book “40 Chances” by Howard Buffett, his story 18 talks about the issues going on in Virunga. Although the gorillas attract a great deal of attention to the place, nevertheless the country is not really benefiting from the gorillas to its full extent because the people are being attacked by M23, gorillas are constantly being attacked and in danger by poachers and illegal charcoal traders, and the tourists can’t come whenever they would like in risk of getting hurt. The people should not…

was one of the many Dust-Bowl refugees during the 1930s. As a…