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How did blood diamonds affect the economy?
Blood diamonds provide an income to terrorist organizations and the money is used for evil purpose.
How does Israel's economy answer the questions of how to produce what to produce it and for whom to produce it?
cut diamonds
Why diamonds mining is important?
Mining diamonds is as 'important' as any other industry, because it affords paying work for people, and because the mine contributes to the local economy.
Economy of west Africa?
West Africa's economy is based around oil drilling and blood diamonds. All diamonds bought and sold in the U.S. are blood diamonds, however, retailers paid high prices to agencies in order to have the "blood diamond" or "conflict diamond" designation removed, as there is a stigma in the United States attached to buying blood diamonds. Oil from Africa is also blood oil, but nobody speaks of this. Native peoples are displaced by Shell in order to get the oil and bribe the government officials.
What use are diamonds to the economy?
As with any natural commodity, diamonds offer jobs to people who work in the industry. These jobs range from miner to manufacturer to jeweler. As well, the diamond industry pays significant taxes in the economies where the industry operates.
How did blood diamonds affect the economy?
Blood diamonds provide an income to terrorist organizations and the money is used for evil purpose.
Why do diamond countries not want to stop mining for diamonds?
Because diamonds are worth a lot of money and help boost that country's economy.
Why are diamonds a problem in south Africa?
no, not now. they create jobs and improve our economy.
How does Israel's economy answer the questions of how to produce what to produce it and for whom to produce it?
cut diamonds
Do diamonds come from Sierra Leone?
Sierra Leone's economy depends on mining, especially diamond mining, so yes, diamonds do come from Sierra Leone.
Boasts diamonds as one of its major natural resources?
Africa is the country that boasts diamonds as one of its major national resources. Diamonds add approximately 8.5 billion dollars to the economy of Africa every year.
Why diamonds mining is important?
Mining diamonds is as 'important' as any other industry, because it affords paying work for people, and because the mine contributes to the local economy.
Economy of west Africa?
West Africa's economy is based around oil drilling and blood diamonds. All diamonds bought and sold in the U.S. are blood diamonds, however, retailers paid high prices to agencies in order to have the "blood diamond" or "conflict diamond" designation removed, as there is a stigma in the United States attached to buying blood diamonds. Oil from Africa is also blood oil, but nobody speaks of this. Native peoples are displaced by Shell in order to get the oil and bribe the government officials.
What use are diamonds to the economy?
As with any natural commodity, diamonds offer jobs to people who work in the industry. These jobs range from miner to manufacturer to jeweler. As well, the diamond industry pays significant taxes in the economies where the industry operates.
What advantages are there making diamonds in US?
Natural diamonds are a rare natural resource. Manufactured diamonds can be priced much lower than natural diamonds, and can be produced in a matter of days, not hundreds of thousands of years, which is required to form natural diamonds. The advantage may be to the consumer in being able to pay much less for a glorious diamond. (Be aware that manufactured diamonds are always detectable as manufactured, and should be accompanied by a certificate stating the origin of the stone.) In addition, any manufacturing adds jobs to any economy. You can read more about manufacturing gem diamonds, below.
How does diamonds affect the economy where it is mined?
Diamond mining contributes to the local economy in the same ways that any kind of process industry operation contributes. Jobs, taxes and company benefits are high on these lists of contributions.
What are the chief products of Ghana?
Ghana exports a lot of things, their economy is growing quickly. They export gold, diamonds, cocoa and many other things.
