Diamond Industry

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Title: Diamond Industry

Essay Details:

Subject: Business

Author: Henry G

Date: November 3, 2013

Level: University

Grade: A

Length: 7 / 2043

Essay text:

Investment Diamonds—high-quality large gemstones, often with special characteristics, purchased for investment. The Jewelry and Investment segments together represent 83 percent of the value of rough diamonds produced. The industry is controlled as a monopoly by the De Beers diamond company which operates from South Africa and London. The wholesale trade and cutting of diamonds is limited to only a few places in the world namely New York, Surat, Tel Aviv, London, and Amsterdam and the most important being Antwerp. With extensive research and sourcing, diamonds have been found in many parts of the world with Botswana producing almost one third of the world’s diamonds...

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