Diamonds Are Not Always Forever!

Sierra Leone Working Paper on Diamonds Diamonds and Armed involvement in Sierra Leone: Proposal for Implementation of a modern Diamond Policy and Operations 1. Introduction  2. Summary  3. Discussion  4. Conclusion 1. INTRODUCTION The touch base between diamonds and gird conflict in Sierra Leone is obvious, and has been exposed, investigated, and deplored by humanitarians, journalists, politicians, and diamond industry leaders. Less obvious atomic number 18 the complex, fasten relationships between exploitative systems of financial intermediation and resource management, poverty, and the spectacular, secret wealth of the diamond trade. Diamonds have facilitated, not caused, and armed conflict. Pre-war stinting and social injustice, which developed during the war into the illegal, and finally criminal, behavior leafy vegetable of the diamond traffic, must be addressed as a complex development problem. To ignore it is to perpetuate the conditions that gave rise to the war, and entreat its resurgence. 2. SUMMARY The Problem In 1999, Sierra Leones official diamond exports were slightly little than $1.5 million, compared to an industry estimate of $70 million as the real commercial value. The other $68.5 million of estimated value was lost to adulterous and criminal activity. Diamond resources are linked to financing armed conflict.

In addition, the problems of illicit diamond exports for Sierra Leones economy are as follows. Low prices due to gray or dimmed commercialize. The purchase price to Sierra Leoneans is lower than the fair market value they would obtain from legitimate, competitive buyers. The discount is typical of some(prenominal) gray or black market. Inequities in resource distribution. The storage allocation of value in the chain from digger to exporter is exploitative. Loss of multiplier effect. The full value of diamond purchases does not circulate in Sierra Leone to generate more wealth. Lack of reinvestment: This is similar to the multiplier effect, but is an... If you want to get a full essay, set it on our website: Orderessay

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