Q1 a shame on the status of the diamond

Q1

In 1980, According to the
world diamond council the blood diamonds are unlawfully trade-off to finance wars
in wars-torn areas, mainly in western Africa as well as central Africa. At the time
of civil war in Sierra Leone, around 4% of world’s diamond manufacture
symbolized by blood diamonds. In 1990’s the sales of the blood diamonds financed
the terrific violence. The Kimberley process executed to finish the exchange of
the blood diamonds in 2003. The outcome was a contract by the government of 80 countries,
the world diamond council, international NGO’s and groups for example global
witness. Members of the Kimberley process compulsory to officially state that every
one of the rough diamond carry across are made all through legal mining and sales
and are conflict-free. Even after the Kimberley process, in 2014 the blood diamonds
were continued smuggled out of the battle-weary central Africa republic. Global
witness concerns about some another problem like thousands of innocent men, women
and children are mistreated as slaves to mine diamonds which yet authorized to permit
within the Kimberley process. Consistent with Amy Barry of global
Witness, the Kimberley process has until now to prove itself able to preventing
the trade because of a loss of political will among member. She said the vast diamond
grounds of eastern Zimbabwe are controlled by means of army-run groups who weary
or murder Mineworkers who do not extract from them or pay bribes. even though
the trade of the blood diamonds decreased by 2017 and other unprincipled activities
in diamond business remained even a challenge. Over all these problems continued
a shame on the status of the diamond business.

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Q2

United nations is the world largest
market for diamonds followed by china, India, japan in 2017. World’s 73% of
diamond demand available by these four countries together where 220 million
individuals were millennials. from 2009 to 2014, the sales of diamonds had raised
unevenly by 7% every year but from 2015 and after sales of diamond exhibited progress
of 2%. The main issue of slow diamonds sales are millennials those are highly expected
to be getting engaged and tie the knot.

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