Resource Card : Diamond

Main regions of extraction : Botswana, Russia, Canada, Namibia, Angola, South Africa, Zimbabwe, Australia, Congo (in 2015)

 

 

 

 

 

 

 

 

Method of extraction : industrial or traditional

  • Pipe mining (primary deposits): open-pit mining, underground mining
  • Alluvial mining (secondary deposits)
  • Marine mining

Process of recovery :
1- Crushing
2 – Scrubbing
3 – Cyclonic separation plant
4 – Recovery
5 – Cleaned, weighted and packaged

Stakeholders : States, mining firms, luxury goods industry, customers, rebel armed groups, workers…

Key issues :

  • Conflict/blood diamond : human right abuses, labor conditions, child labor, violence, civil wars…
  • Kimberley Process : ignores some issues (human rights abuse, environment…)
  • Environmental costs : land and water devastated
  • Illegal mining
  • Traceability

Exchange rate : Mineral : Nasdaq OTC Bull : 0.0228 USD (+3.64%)

Other key words :
4 C’s : cut, clarity, color, carat weight
Synthetic diamonds
Ethical diamonds

 

Author: GEN