The World Diamond Trade

First of all what is the diamonds. The diamonds is very valuable stones made of carbon. It needs two conditions to transfer from carbon to diamond. One is an extreme pressure and the other is the high temperature. Most of the world diamonds are producing in Africa. There were a lot of mining companies in the world the biggest one is "De Beers Consolidated mines Ltd". This company does most of work in South Africa because the diamond is available in this place. In addition to this the company controls about two thirds of the world's rough diamonds.

However, 90 percent of the world rough diamonds are cut and polished in India. The reason of this high percent is the low price. It cost 40 cent for each gem and I think that is not fair. Furthermore, Dubai now is the diamonds hub and the reason is special deal that provides 50 years with zero tax. In the last the wealthy and stars like to buy the diamonds because they can pay for the expansive price.

As you can see it is amazing topic and I hope you are find something interesting in it.