subject: The Economic Importance Of The Diamond [print this page] Diamonds are the most sought out substance on the entire earth. Countless dollars and lives have been spent in the pursuit of diamonds. Its brilliance, sheen and invulnerability have been grasped at by nearly every civilization and country that has ever has the grace of existing on the Earth. This is the case for a reason, diamonds have had many uses throughout the history of the world, and at this point in modern ages, diamonds have evolved to become symbols of everlasting love and destiny.
Diamonds are more than just a gem that is put on a ring and given to another for their future long lasting marriage. On top of being such an important factor in something as wonderful as two lovers uniting as one for the rest of their lives, diamonds have a pivotal economical role and provide occupation and finance for many people that need it, giving health care, education and a general improved standard of life to those that need it. This is mostly true in Africa, where diamonds have been a resource that has caused much benefit as well as much violence and turmoil to its many nations' citizens.
The diamond industry provides employment and revenues to millions of people across the world. It has been estimated that over 5 million human beings have now had access to proper health care across the Earth due to the revenues that the diamond industry has provided. Among these clear benefits are many others, as education is provided free of charge to countries that desperately need it, and every child in Botswana is able to have an education without being charged due to the positive economic benefits of the diamond industry.
Diamonds come in many varieties, and many diamonds that are found and mined in the many mines spanning across the continents, are not suitable for use in jewelry, which is what most people associate diamonds with nowadays. Diamonds are used in industrial settings, and the diamonds that are used for these purposes are usually ones that do not have the physical appeal of diamonds that you will find on engagement rings and necklaces. Brown diamonds are the most commonly mined diamond, coming from large mines in Australia, and these diamonds are primarily used in the industrial world for cutting tools. Some diamonds come from blood diamond mines, which use slave labor and much violence and strife is caused by these diamonds.
However, as with most industries in the world, it is a double edged sword. Much of the money that is generated from diamond manufacturing and mining is used to support violent warlords that use the money to spread violence and turmoil to keep themselves in power and benefit from the money, growing fat and rich in the process at the expense of all of the hard workers that are giving their lives to try and further themselves, their families and their nation.
The negative aspects of the diamond industry are a reason you should be sure that you are always buying diamonds from suppliers that get their diamonds from reputable mines that are not run by corrupt warlords that exploit the people for their own benefit.
