The diamond industry at least as we know it today began 1800 s when an accidental find of diamonds in south africa kicked off a mining exploration and trading boom that led to the existence of one of the most successful and long lasting cartel s in economic history that being the small network of world diamond producers.
The economic value of diamonds.
True love is priceless but diamonds don t do any harm to a relationship.
There is a high marginal benefit utility of buying your wife a diamond for her wedding.
In 2001 the diamond and jewelry businesses in new york city generated an annual 24 183 billion in economic value source.
The diamond wedding ring is special because it is a one off.
Economic impact of the diamond and jewelry industry in new york city 2011.
South africa is the fourth largest diamond producer in the world.