OPPapers.com

Blood Diamonds Illegal Trade

BLOOD DIAMONDS

Student: XXXX YYYY
Subject: International Economics, Spring 2007

Table of context:
1. Introduction………………………………………………………………………..2

2. Brief description of diamonds………………………………………………………2

3. Trade…………………………………………………………………………………..4

a. Nature of Diamonds ………………………………………………………….4

b. Industry's Lack of Transparency………………………………………………5

4. Political-economical view on this issue………………………………………………..7
5. Tariffs.( USA) …………………………………………………………………………….8
6. Conclusion and personal view…………………………………………………………10
7. Bibliography……………………………………………………………………………..12

1. Introduction

Diamonds are said to be woman's best friend. Indeed, Marylyn Monroe sang about it in one of her movies. Well, I would add here: diamonds can be anyone's best friend. Knowing that diamonds have a great value, it has been an issue of illegal trade in countries where it's a natural resource, therefore scarce resource: Sierra Leone, Congo, and Zaire. It is also a fact that diamonds have been the main funding source for rebels in places like Angora and Sierra Leone in order to be fueled a brutal war.
Although it is very sad when we hear and see that people are been killed, tortured and used, of mining diamonds, I will not discuss about the reasons why is done so. However, in this paper I would like to emphasize the international trade of diamonds, legal or illegal way and its impact on the government's income with a brief political-economical view on this issue.

2. Brief description of diamonds.

Before I go on with arguing in this paper, I would like to make a brief introduction of such a thing called "diamond". Diamond is the hardest natural mineral and has many other exceptional properties that collectively make it an important industrial and scientific material. Diamonds have exceptional value as a precious stone.
Unique geologically, they form at great depths within Earth and are typically billions of years old.

Two important properties, brilliance and...