This speech serves to persuade the audience that the diamonds business is worth getting into.
Thesis statement:
Polished and cut diamonds are the most sought after, yet there are a very few diamond cutting firms around the world.
I would like to welcome you all to this beautiful country rich in almost all resources, including minerals. Like any other country we have had our full share of ups and downs and I understand that the economy is still on its recovery path since the 2008-2009 recessions but everything is falling in place now.
Despite everything that has been happening, this country still has great investment opportunities in all sectors of the economy but today we will focus on the mining Industry and the resources that has brought us all here today. According to cnbc, "the world wide retail market for diamond jewelry was $60 billion in 2010. The diamond business can be categorized, there are miners and producers, who
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Jewelry manufactures make finished pieces while retailers sell the finished pieces while retailers sell the finished pieces of jewelry to consumers.
Bain and company estimate that about 133 million of rough diamonds get produced annually, says cnbc. The diamond business is small and there are also a very few diamond producers. Cbnc states that, "th3 last major diamond mine was discovered in Zimbabwe in 1997.
The world has a few diamond cutters and polishers and Zimbabwe has low labor costs. So if you get into the business of cutting and polishing you will become our customers and you will work in partnership with us. Diamond cutting and polishing of diamonds is a costly process since most of the materials are cut away and removed from the rough diamond leaving it with less weight. There are technologies now that require less human labor, and this lowers production cost. We will use long term contracts like other companies like De
In the early 1800's there was a distinct line between white citizens and black slaves, However, is it still possible to feel trapped in one’s beliefs, even as a free white citizen? As shown throughout the Novel the Invention of Wings written by Sue Monk Kidd, Sarah often feels this way and is faced with many conflicts and challenges, whether it be with herself or others. Throughout the Invention of Wings, Sarah feels trapped and in some ways imprisoned. This is shown through gender roles, personal life, and different opinions in society, but Sarah is ultimately able to overcome these challenges.
Also, there needs to be a more defined definition of a blood diamond (“War on Blood Diamond Trade Loses its Lustre in Age of Digital”). The Central African Republic fails to realize that the diamonds being bought come from instances of executions, child labor, as well as looting (“Companies must Not Profit from Blood Diamonds”). Obviously, Africa is rich in minerals, which is its curse (Ainger et al.367: 9-27). Consequently, there has been 50 wars, fighting for control of resources. Political, social, and economical factors matter in these resource wars (Ainger, et al.367: 9-27). Recently, the Kimberly process fails to uphold in central Africa, Cameroon. As a result, Cameroon is flooding with conflict diamonds because of mediocre leadership along with corruption (“Conflict Diamonds from CAR Entering International Markets Via Cameroon”). This may be the effect after the African Republic was internationally embargoed in 2013 (“Conflict Diamonds from CAR Entering International Markets Via Cameroon”). Therefore, “As the Kimberley Process visits Cameroon, it must take action immediately and demonstrate to companies, retailers-and most importantly to consumers-that it is able to stop the flow of conflict diamonds," Offah Obale. Presently, the diamond industry is in a bit of a mix as the Kimberly process is expected to help countries receive clean diamonds in order to restore international market relationships ("War on Blood Diamond Trade Loses its Lustre in Age of Digital"). Now, it is known that the common life-span is estimated to be 34 years old in Africa, Sierra Leone. Also, “We have always maintained that the conflict is not about ideology, tribal or regional difference... The root of the conflict is and remains diamonds” says UN ambassador of Sierra Leone, Ibrahim Kamara. At the present time, there is a cease fire in the Republic of Congo since
“We covet diamonds in America for a simple reason: the company that stands to profit from diamond sales decided that we should.”
For centuries, diamonds have been regarded as one of the most valuable commodities in the world and the industry has evolved into billions of dollars. At the top, De Beers dominated the entire industry worldwide, from exploration to retail selling. However, it has a reputation of a monopolist, where it influences supply and demand. The two critical factors that De Beers carefully maintained throughout the century to remain in monopoly was to create the illusion of the scarcity of the diamonds and to keep the prices high. Realizing the benefits of the cooperation and the dangers of the oversupply, most
This essay supports the statement “The price of diamonds is too high”. Diamonds have always been presumed to be rare. They have been present in history as a symbol of wealth and luxury as they were so difficult to find. Nowadays diamonds are mined and are found all over the world but they are sold through a cartel. (Epstein 1982) A cartel limits the supply of a product in order to keep prices high and to limit competition. (South African Pocket Oxford Dictionary: 2002) This raises the question of whether diamonds are actually worth their price. This essay focuses on the origins and the basic theory behind the diamond cartel; the early operation of the cartel; De Beers’ strong market campaign; determining De Beers’ current
Healthcare is a necessity that not everyone has. How can it be provided to everyone? A majority of people, 62%, say it is the government's responsibility to provide health care coverage for all Americans, while others, 37%, say it is not. Editorials from Livestrong.com and Brazen.com use various types of effective evidence to support both claims.
Under Armour was founded in 1996 and is known as a leading developer, marketer, and distributor of branded performance apparel, footwear and accessories. Under Armour’s target market is athletes on the professional and collegiate level as well as consumers with active lifestyles. The company’s widely recognized brand is known for performance an authenticity, and is an alternative to traditional natural fiber products and non-performance apparel and footwear. The case analysis performed will evaluate the company’s vision and mission statement, internal and external situation, possible strategy options going forward, and recommendations for the company.
Today, over two thirds of the world’s diamonds come from one company, De Beers. The London based company was one the first companies involved in the mining for diamonds in Africa immediately following their discovery. Cecil Rhodes was attracted to the new prospects of mining in African and he started his search for diamonds in 1870. Another English immigrant miner named Barney Barnato, Rhodes’ rival, also fought to control the same diamond claims as Rhodes. By 1880, Rhodes had bought out Barnato and had founded De Beers Consolidated Mines Ltd. Rhodes envisioned controlling the whole diamond market. By 1888, he had realized his vision and he had gained monopolistic control over the whole diamond market. He completed his monopoly with the formation of cartel, the London Diamond Syndicate, who were that biggest diamond merchants of the time. His syndicate allowed him to perfectly match supply with demand. They provided him with critical information about the diamond market allowing him to create an artificially controlled supply of diamonds. In return for their assistance, the diamond merchants were guaranteed a certain amount of diamonds from Rhode’s mines.
As demonstrated by rough diamond buyers, the mood of the industry is at new lows. In fact, the willingness to purchase, overall outlooks and the desire to manufacture are all at low levels.
Diamonds are made of carbon so they form as carbon atoms under a high temperature and pressure; they bond together to start growing crystals. Diamonds are formed underneath the Earth’s surface requiring them to be mined for, which can be a very high labor task. Out of the top ten countries in the world with the most diamonds, Africa has six of those countries (Said, Sammy. “Top Ten Countries with the Most Diamonds Found”). With six African countries being among the world leaders in diamond mining and exportation brings a lot of controversy. Some of these African countries have already been banned in the past from mining and exporting diamonds for many human rights violations. Angola is one of the world’s leading exporters of diamonds. Just
Adding to that, diamond mining produces many jobs and economic growth (Diamond Facts website, 2016). Globally, ten million people are employed due to the diamond industry (Diamond Facts website, 2016). Most diamonds come from less developed countries (Diamond Facts website, 2016). These countries use the revenue produced by diamond mining to better their country (Diamond Facts website, 2016). Much of the revenue goes to building infrastructure like hospitals, schools, roads, and clean water systems (Diamond Facts website, 2016). The diamond trade produces eight point four billion dollars to Africa (Diamond Facts website, 2016). Countries within Africa such as Botswana and Namibia have evidenced that profits from diamonds aid less developed countries have substantial benefits like economic growth and stability (Diamond Facts website, 2016). Profits from mining diamonds has shown to play an important role in turning war-torn countries into economically stable places (Diamond Facts website, 2016). Botswana has one of the fastest growing economies in the world, chiefly due to the diamond industry (Diamond Facts website, 2016). Without diamond mining, Botswana would lose three billion dollars in profits per year (Diamond Facts website, 2016). The result would be devastating to
It is difficult to look at a diamond for what it truly is: a rock. The over-glamorization of diamonds has spiked an increase in diamond mining activity in Canada. As the name suggests, diamond mining is the excavation of these gemstones through a series of processes. Canada’s climate in the north provides the perfect environment for diamonds to spawn, thus reinforcing Canada’s position as the “third-largest diamond producers in the world.” The internet reimagined many things into current, popular trends. Similarly, the simpleness of diamond-encrusted jewelry was not enough; it opened up the possibilities of diamond-embellished cars, handbags, chess sets and even TV’s. However, there are many steps to undertake in order to successfully excavate
Close to 49% of diamonds are coming from Central and Southern Africa. Also sources of the mineral have been discovered in Canada, India, Russia, Brazil, and Australia. They are mined from kimberlitic and lamproite volcanic
The story of these infamous diamonds all started with a fifteen year old who found a diamond in his father 's arm. The diamond business started in 1935 when “De Beers” took all control over dining prospects in Sierra Leone. De Beers are a group of companies has a main role in the exploration of diamonds, as well as diamond mining, diamond retail, diamond trading, and industrial diamond manufacturing sectors.This group was founded in 1888, and they are responsible for the problems Sierra Leone is facing today. These diamonds can be found in volcanic pipes. Diamonds are a pure form of carbon in a transparent state. Diamonds have always been a sign of wealth. Historically kings and queens were known for wearing these. Over time many people began lusting over them.
Diamonds have been known to man since ancient times and with new technology of the 21st century many diamonds rich areas have been identified and supply chain been established in line with those reserves.