Q1 and groups for example global witness. Members

Topic: BusinessMining
Sample donated:
Last updated: May 14, 2019

Q1In 1980, Conferring to theworld diamond council the blood diamonds are illegitimately trade-off tofinance hostilities in wars-torn areas, mainly in western Africa as well as centralAfrica. At the time of civil war in Sierra Leone, around 4% of world’s diamond manufacturesymbolized by blood diamonds. In 1990’s the retailing of the blood diamonds financedthe enormous violence.

The Kimberley process executed to finish the exchange ofthe blood diamonds in 2003. The consequence was a bond by the government of 80 countries,the world diamond council, international NGO’s and groups for example globalwitness. Members of the Kimberley process compulsory to officially state that everyone of the rough diamond carry across are made all through legal mining and salesand are conflict-free. Even after the Kimberley process, in 2014 the blood diamondswere continued smuggled out of the battle-weary central Africa republic.

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Globalwitness concerns about some another problems for instance, thousands of innocentmen, women and children are mistreated as slaves to mine diamonds which yet authorizedto permit within the Kimberley process. Consistent with Amy Barry of globalWitness, the Kimberley process has until now to prove itself able to preventingthe trade because of a loss of political will among member. She said the vast diamondgrounds of eastern Zimbabwe are controlled by means of army-run groups who wearyor murder Mineworkers who do not extract from them or pay bribes. even thoughthe trade of the blood diamonds decreased by 2017 and other unprincipled activitiesin diamond business remained even a challenge. Over all these difficulties continuala shame on the prestige of the diamond business.

Q2United nations is the world largestmarket for diamonds followed by china, India, japan in 2017. World’s 73% ofdiamond demand available by these four countries together where 220 million peoplewere millennials. from 2009 to 2014, the sales of diamonds had raised unevenlyby 7% every year but from 2015 and after sales of diamond exhibited progress of2%. The main issue of reduce diamonds sales are millennials those are highly expectedto be getting engaged wedded.

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