Diamonds as an investment

than the bottom class. I learned where social stratification stems from: Although the social class you are born into has a significant weight on what social class you are in, it’s not the only determining factor. Other key factors include income, investment capital, skill capital, social capital, economic power, political power, and social power. The amount of power an individual has is reflected by…

The tradition of beginning an engagement with a diamond ring is largely an American custom that has resulted in the United States becoming one of the largest shareholders of the global diamond jewelry market (Global Diamond Jewelry). The custom dates back to first half of the 1900s when diamonds were introduced as a symbol of undying love due to their lasting value. Although diamond wedding rings serve as an investment and symbol of eternal love, some luxury rings, such as Tiffany and Company,…

Sierra Leone’s current economic state is deplorable and there are numerous reasons explaining why. The current GDP of Sierra Leone is 3.669 billion in USD. The country’s GDP revenues is streamed from 29% of unsorted diamonds, 14% Aluminum ores and concentrates 8.1% Titanium ores, 12% Cocoa beans, 2.4% Vessels and floating structures, 2.4% Cruise ships, excursion boats/ferry boats, and other factor. Sierra Leone is a small country with a small population of 7,602,984…

Waterpik Complete Care Water Flosser and Sonic Toothbrush Key features High-volume reservoir – The amount of water held in the reservoir dictates the time you'll be able to floss. This one has over 90 seconds of capacity for a full flossing experience. You won't have to refill and restart the flosser. Flosser and toothbrush combo – There's no need to purchase two different machines for your oral care needs. The flosser and toothbrush are part of the same unit. It saves space on the bathroom…

In “Accepting or Rejecting Innovations” by Jared Diamond he explains that new technology can be accepted or rejected by people. Technology is not an easy factor to be ready acceptance, but he says that they need to persuade society to adopt it first. Diamond states the factors that cause people to adopt technological innovations into their lives are a relative economic advantage, social value and prestige, and compatibility with a vested interest. Profoundly, I think his ideas explain why people…

sterilise windfalls from destroying the economy and institutions by investing funds into education and diversification of the economy through procession of its diamond locally. Local procession of the diamond created some linkages to other sectors of economy as well as employment. The Samatar (1999) however, suggested Botswana’s ability to use its diamond resources stimulate economic development is complex. The country’s economic success is partly attributed to the political and economic unity…

The Diamond Gem Cleaning and Maintenance Service Company is a cleaning and maintenance company who primarily services commercial buildings. It has $5,146,862 in annual sales and with contract costs of $4,532,519. They have a gross profit of $614,333. Since gross profit equals revenue minus costs, the contract costs can be found by subtracting gross profit from revenue: $5,146,862-$614,333=$4,532,519. The contract costs are the direct costs associated to with the cleaning service. They include…

institutions that are advantageous to society but unprofitable as public investments” (Mercadal). This affected the founding fathers who believed that these were the main roles of government. Many of the Founding Fathers agreed with Smith 's economic analysis in his books (Marotta). This in turn, affected the whole of the United States political economy, even though there have been many changes as the nation…

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,…

born into a social class, their birth doesn’t entirely determine the social class. When determining the social stratification of an individual there are characteristics of the individual that come into consideration: consumption capital or income, investment capital, skill capital, social capital or social ties, economic power, political power, and social power. Much of an individuals’ power is reflected by the capital that he or she may have. For example, someone may have a high level of skill…