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Ok, I lied, TWO important questions:

1.  Is there any stone, other than a diamond, that can be given for an engagement/wedding ring?

2.  Would YOU accept anything other than a diamond?

Now, given these facts, would you answer these questions any differently?

According to theU.S. Department of Defense and Global Witness. U.S. Military, and elaborated upon here,

“Deaths from diamond-fueled Civil Wars (in Angola, Liberia, and Sierra Leone alone) exceed all U.S. Military Deaths in the last 70 years by 50%.”

This is how De Beers controls the industry:
1.  US diamond wholesalers typically have only one source of diamonds: De Beers.
2.  Once a year, wholesalers are invited to purchase diamonds.  If they refuse or cannot attend, they are never invited again (business is over).
3.  Each wholesaler is given a closed package of diamonds and a fixed price.  They cannot inspect the contents of the package or the quality of the diamonds.  If they do not accept the package at the set price, they are no longer allowed to purchase.

(This information is a few years old - if you have updated information, please let me know.)

I’m fascinated by this industry; I’ll be digging in to find out more in Matthew Hart’s book Diamond, available here: http://bit.ly/2leBoq

Change your mind?

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