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Research Paper - Diamonds

Research Paper - Diamonds - Anthropology Dr Anderson MW...

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Anthropology Dr. Anderson MW 4:30 – 5:45 04/02/2009 Eastern Siberia – World’s Largest Diamond Mine i Assignment 4: Commodity Chain Analysis Paper Introduction Diamonds are one of the most precious gems on the planet. They are adored for their beauty and rareness. As the saying goes, “nothing says I love you like a diamond”. The truth is the saying should be, “nothing says I love you like the death of millions”. For hundreds of years wars have been fought and people have been enslaved all to control the sources of a gem. Commodity Chain/ Environmental Effects The commodity chain for diamonds starts over a billion years ago when the first diamonds were formed. The chain continues today with exploration of land and sea for
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diamonds. Once diamonds are found they are mined and thus the next step of the process occurs. After they are mined they are sorted depending on size and quality. After they are sorted the diamonds are ready to be cut and polished. After they are perfected they are sold to manufacturers who put them in jewelry to be sold in the final stage of the commodity chain, retail. The formation of diamonds began 3.3 billion years ago in the intense heat of the Earth. Diamonds are made up of carbon atoms that bonded together in a pyramidal form to make them the hardest gem on Earth. The formation of the diamonds is the least of our worries when analyzing the commodity chain though. More important are the steps and processes that we can control today beginning with the exploration of land. Exploration is the first step in the commodity chain of diamonds. Today it is very expensive to explore new land and find new areas to mine. Average investment in 2003 was $250 million. ii This sunk cost is worth investing for companies given the great value of diamonds around the world. Exploration also allows diamond companies to stay ahead of the competition and is mandatory to compete in this highly competitive industry.
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