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The true price of diamond

Diamonds are the most precious stones in the world. Have you ever thought of how they get from the earth to onto your fingers? I will now write about the importance of diamonds and the locations of where they do there trading.

Mining companies work really hard to find those diamonds. One of the biggest diamond mining companies in the world is De Beers Company. They usually do there mining in South Africa. This company controls 80% of the world's rough diamonds trade also De Beers kept the price of these precious rocks high by controlling over 80% of the world's supply.

For your knowledge, diamonds had been discovered many centuries before. The city that has been a diamond trade for 600 years is called Antwerp. On the other hand, the people who were associated with the diamond trade in this city are Indians. The polishers and the cutters in the Antwerp are less now, about 1500. 80% of the world's rough diamonds pass through the city and 90% of them are cut and polished in India. Indian workers get paid 40 cent per gem for each cut and polished gem.

Nowadays, Dubai's reputation has a growing as a diamond hub. The diamond business in Dubai worth about ₤ 1 billion.

In conclusion, as you can see in what I have written above, diamonds are very wanted and it is one of the most expensive rocks in the world. Even pop stars are very interested in it like 50 cent.