Diamonds

Diamonds are very valuable materials in the world. Everyone likes to own some of them for several proposes. In this topic I will briefly talk about where they come from and how people misuse them .

The main places for processing diamonds are in India, Israel and New York. The diamonds are evaluated, cut and sold are there. The biggest diamond mining company in the world is De Beers Consolidated Mines Ltd. They got most of their diamonds in South Africa. They control about two-thirds of the world’s diamonds business. In the beginning of the 20th century the company fixed the price of diamond highly and keeping specific amount of diamonds in the market.

Another places for trading the Antwerp, Belgium. In this city, The Jewish community is linked with the diamond business. In addition, many cutters and polishers left in Antwerp after commercials outsourced a lot of the cutting and polishing to India. 80% of the world’s rough diamonds still going through Antwerp. India is another important city where diamonds are processed. About 90% of the world’s rough diamonds are cut and polished there. Smooth diamonds come from Antwerp, and Tel Aviv, Israel. Indian workers get a very low price for every piece of diamond they work on it. Dubai has taken a big part in this diamond as well. It has had an increasing reputation as the main center for the diamond for the last 10 years. The government has been working hard to attract foreign and local diamond companies, agencies and traders. The government usual offer them a deal for long period of time which that satisfies both parties. The retail jewelry business in this city is worth nearly more than 10 Billion AED.

To sum up, Diamonds are very valuable jewelry. Everyone is willing to own some. I really want to have some of it to give someone who is close to me and of course for me