Diamonds??

Question

Who does well from the diamond trade and who looses out and why?

E.G The origianal finders of the diamond loose out

Answer 1

Watch the film Blood Diamonds

Answer 2

the north benefits as it puts import tarrifs on the diamonds if theyre not imported by the company itself. the producer countries lose out.

Answer 3

the people that mine the diamonds (the workers) lose out...bad working conditions, low wage & awful working conditions.  the mine owners & retailers do best from sales...obviously.

Answer 4

Blood diamonds, worth a watch

Answer 5

you need to watch the film blood diamond

what a powerful movie that is...you will see for yourself

Answer 6

Everybody does well : the individiual miners - although always seen or projected as losers - get margin on the found stones compared to their investment in working hours. Finding is luck most of the time when mining alluvially, near pit mines it is risk-taking and luck. The miners in a mining company get wages against working hours. The mines get margin (if they get so far) against their investments (absolutely astronomous for diamond mining, mines depleted after fixed number of years, it is a key element in cost of diamonds). The diamond dealers get margin on investment and salestime. The jewelers idem. Everybody wins.

Blood diamonds : if we stop selling arms to these countries, the problem dissapears immediately :-) . By the way, the miners mined alluvially in these countries and made margin on lucky finds ....

Nature loses a product and we mess up the mined areas ...