Diamonds

Diamonds are the most precious stones in the world. Have you ever thought of how they get from the earth to onto your fiancé’s finger? I will now describe important locations along the trade rout these most valuable of rocks pass.

Diamonds were discovered in India 3000 years ago. The average age of a diamond is at least 1 billion years old and the evidence that diamond is a very precious and valuable stone is that only 500 tones of diamonds have been mined since they have been discovered. Most Rough diamonds come from Tel Aviv, Israel. An old superstition says that wearing a diamond in your left hand gives you a good night sleep. Now we are going to see where most diamonds come from and the trade rout it passes through.
De Beers Consolidated Mines Ltd is the biggest mining company in the world and they bring most of their diamonds from South Africa. It was established in 1880, This Company now owns more than 20 mines and it controls over two thirds of the world’s diamonds. In the early twentieth century it followed a clever technique in order to make the prices of diamonds high, they used to limit the amount of diamonds in the market. Antwerp in Belgium was the centre of diamond for 600 years now only about 1,500 cutters and polishers left in Antwerp and this concern a lot of people. Nowadays about 300 Indian families are joining the diamond trade in this city. Nevertheless, still 80% of the world’s rough diamonds pass through this city now. 90% of the world’s diamonds are cut and polished in India because the cheap labor wages they are paid 40 Cents for every finished gem. In the Middle East, Dubai has a growing reputation as a diamond hub. The government has made an attracting deal of a 50 year zero tax holidays for diamond traders this will helps in the business. The business in Dubai worth’s about nearly £1 billion.