Loose Diamonds and National Economies

We all know that diamonds originally were mined in Africa. How many of us know that that India and Canada also have booming economies based on the diamond industry? It's estimated that about one million people work in the diamond industry in India. In the Canada Northwest Territories, it is suggested that 15% of all employed people work in diamond related industries.

Diamond mining is the source of great wealth for such countries. The sales of loose diamonds help to fund education and health care for many different people in Botswana, India, and Canada. Statistics suggest that about 10 million people are benefiting either directly or indirectly from the diamond industry.

When you go to buy loose diamonds, you can know that your purchase is helping some third world nations raise their standard of living and educate their citizenry. Even places like Sierra Leone that once was blacklisted as a source of conflict diamonds, is now at peace and benefiting from the diamond trade. The revenues generated from trade are used in many African countries to fund the fight against AIDS/HIV.

The sale of diamonds is a national treasure and can help ease the economic hardship of people living in areas where few other resources exist. While the purchase of a single diamond for a loved one can light up their heart, the purchase of loose diamonds worldwide helps other countries to modernize and establish good schools and hospitals for other people. The diamond industry has proven to be of benefit to many different countries around the world.

Contributing Abazias Staff Writer


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