Importance Of Gems And Jewellery Industry

To the untrained eye, a ring is just a piece of jewelry. There is little to no appreciation for how its made or how valuable it is, just as long as it glistens and glows. To jewelers, the untrained eye is a menace, as a man buying an engagement ring will not care about the carats or the uniqueness of the piece, as long as it ‘looks like Beyonce’s.’ While jewelers are making pieces with unpopular gems and metals at excessive prices, salesmen struggle to sell these, as what is popular is what sells. To combat this wave of uninformed, trend-obsessed consumers, Jewelers’ Circular Keystone, a trade magazine whose audience is jewelers and salesmen, features content relating to the current status of the jewelry industry, as it changes seasonally. Keeping up with the times is imperative when working in jewelry, and as time changes so must JCK. In this trade magazine,

However there is also a advantage for mining diamonds. This is most effective in Africa, diamonds is an essential part in Africa to increase the economic growth and therefore again increasing the GDP per capita in Africa. Some statistics have shown that if there wasn’t diamond mining in Africa.(DTC Indian Diamond shortage, n.d.) Africa will be in a even worse situation. An approximate 65% of the diamonds comes from Africa and some African countries such as Namibia have an annual export earning of 40%, therefore an big impact in the Namibia society. Also there it is known that because of diamond industry in Botswana children are able to have free education until the age of 13. (DTC Indian Diamond shortage, n.d.) Therefore from these sources it is shown that although the profit that is earned by mining diamonds are used in an incorrect way. However there are also positive impact on the society, as said above.

Ever since the dawn of civilization, items found in nature have fascinated and captivated the eyes and souls of mankind. From the earliest jewelry, made of teeth, bones, and shells, to the more modern preciously cut diamonds and rubies, people have adorned their bodies with the best Earth has to offer in a variety of cultures for a myriad of reasons. Egyptians used jewelry as a means to ward off bad luck and illness; Europeans used jewelry to use show wealth and to indicate their social status; and tribes in Africa used it to look fearsome in battle and make the women appear undesirable so that invading tribes would not want to kidnap them (LeGrand). Popular gemstones vary with culture due to the gemstone’s occurrence.Gemstones, while

“Indian Fashion Jewellery consumer market is one of the fastest growing in the world & is larger than Europe & America put together”

Most jewelry I make from the royal family comes from minerals including gemstones like Lapis Lazuli,Turquoise,and Amethyst.

As a consumer, I believe that it should be your responsibility to be cautious with your diamond shopping since you could be fuelling the RUF’s dangerous diamond deals. Think to yourself the next time you’re planning on buying a diamond. Think about if it’s really worth it- all of those lives stolen, just to make money off your tiny gem. You see, when people buy diamonds, they usually look for the 4 Cs. Colour, cut, clarity and carat weight, which determines the value. However, there is one more C to ask about before you make your purchase and it stands for

Blue Nile is the largest online retailer of diamonds and fine jewelry. The company offers a variety of luxury jewelry items, including loose diamonds, settings, engagement rings, gold silver, and platinum jewelry set with a variety of gemstones and pearls. What sets this company apart from its competitors, this the more convenient approach experience. Online consumers are able to browse through thousands of diamonds and compare the 4 C’s setting (Carrot, Color, Clarity and Cut), and prices. Also, they have

For many people over generations the diamond has been a symbol of power, beauty, luxury, uniqueness, and everlasting pure love. For others the diamond has been a symbol of conflict, death, exploitation, misery, and blood shade. All the glamour and beauty attributed to diamonds might be blinding us to the impacts of its operations in Africa. In this paper we will go through a research journey to find out more about the positive and negative impacts of diamond mining in Africa and the diamond industry. Also, this research paper will highlight

Wholesale market for high quality cut diamonds will provide continuity of supply and pricing (O)

A geographer investigates the economic impact Botswana has faced because of their diamond industry. In this paper I will be discussing how Botswana has economically developed as well as the struggles the country has faced due to the diamond industry. We will also dive into how Botswana’s geographic location affects the diamond industry.

Some people will disagree and think that any gem will do when looking for jewelry. Most people will buy the cheapest stones they can buy. This paper will inform and enlighten any reader to how real diamonds are better than fakes ones. To understand the difference between real and fake, a person needs to know some background on how diamonds are formed, and the process in which diamonds go from ground to what we see today, and

Rube and diamond are two most treasurable and precious stone to any jewelry lover. No one can deny that the combination of diamond and ruby is the most exquisite union that anyone can ever ask for. Today, increasing

Situation: DeBeers Consolidated Mines Limited (DBCM) occupies a major presence in the diamond industry. Discoveries of diamonds in the late 1800s were pioneered in South Africa, in which DeBeers held a heavy monopoly over. Since then, they have cultivated an impressive track record and leadership position. The Central Selling Organization (CSO) controls and regulates the flow and sale of rough diamonds, and was acquired by DeBeers in the 1930s. Due to a stable economy both locally and internationally, DBCM was the world’s largest producer and distributor of diamonds in late 1998. However, just before the turn of the century, globalization and developments in international

For more than a century the diamond industry has flourished beyond expectations. The diamond has grown from a small yet rare gem stone to that of a rather large and powerful symbol of wealth. The industry has been controlled by one major corporation, De Beers. De beers along with the cartel it set up has built an industry that will last forever. (Spar, 2006) This paper will analyse the diamond industry, paying specific attention to the cartel, how it operates; the future of the system and examine what the price of diamonds would be without a cartel system and a brief history on the diamond industry. Furthermore, it shall comment on the statement that the “The Diamond Price is Too High” and analyse why

Anyways, I was found by a dreary looking young man, who had clearly been working under horrid conditions. But as soon as he spotted me, boy did his eyes light up. Even raw, and uncut, I was a marvel to look at. Bigger than one’s fist, and exceptionally clear. Even the most unintelligent of humans could tell my approximate worth. Now then, I must mention that at this time the Indian never used diamonds for jewelry or anything similar. Generally, there were two main uses for a diamond in ancient india. The first use was something quite practical, using a diamond to cut and break into other rocks and minerals. But the second use was essentially a condensed form of currency. In essence, India had their own units of measurement akin to the carat, and had a set amount of currency allotted per measurement. This measurement was called a “Tandula,” and the currency was called a “Rupaka” for each individual unit. Generally speaking, one Tandula was equivalent to 10,000 Rupaka. The reason this existed was because for the wealthiest of the Indians, the use of diamonds made it much easier to store and transport their vast amounts of wealth. After all, this was before the time of electronic payment. This means that for a fist sized diamond like I was, let’s say about 1,200 carats, I would have been 9,600 Tandula. This is because one Tandula weight is equivalent to that of a single grain of rice, meaning approximately 25 milligrams. Now then, a carat of today is weighted