Diamond Industry

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Title: Diamond Industry

Essay Details:

Subject: Miscellaneous

Author: Claude W

Date: March 21, 2014

Level: University

Grade: B

Length: 6 / 1653

Essay text:

IT was also at this time that the value of the diamond decreased while the supply do it increased. In 1946 the diamond supply was around 5.3 million at a worth of three to four dollars a carrot, yet by 1950 with an increase of supply up to more than 12 million, the worth had dropped to only about fifty cents per carat. With this amount, 55 million were for the industrial trade. This means that half of the diamonds mined were for jewelry and the other half was meant for grinding and cutting and things of that nature (http://www.landssuperabrasives.com/evolution.pdf). Gem diamonds make up only 18 percent of world production by weight but account for 66 percent by value...

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