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From the Australia economics Wikipedia page:

  • "Australia's Argyle mine is the second largest diamond mine in the world estimated to produce 12.6 million carats in 2014, worth over $500 million."

and

  • ". . . the total value of the Mining Industry in 2009-10 was 8.4% of GDP."

and

  • ". . . GDP of US$1.525 trillion as of 2014."

All of which could lead us to the conclusion that diamonds per se contribute, but not significantly, to Australia's economy.

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9y ago

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