Everdear reviews

Introduction

Diamondis significantly precious containing colorless crystalline, purely of carbon material which attributes for its hardness. This researcher paper conducts a background check on the history of diamonds since its discovery in India in the 4th century (Brilliance, LLC, 2019). This gemstone is profitable to mine and process it to its fine form. However, the production of the same has negative effects to not only the environment but also to its habitats, for instance, mining of diamond results to airborne pollution which is attributed to the soil erosion from its mining (Everdear, 2019). Therefore, there is need to carry out a cost-benefit analysis while being objective to obtaining a more clear position whether it is more beneficial or disadvantageous mining this mineral.

Literature view

To achieve the success of the study, this paper notes the preceding knowledge by proponents and critics of the diamond industry as such Brilliance, LLC (2019), Ehud Arye Laniado (2019) and Everdear (2019) who have written not only about the positive impacts but also controversially noted the negative associated with the industry.

Background check on diamonds, its controversy

Brilliance notes that diamond was first discovered in India and until the 18th century when the supply of the same was depleted, India was thought to be the only source of the precious stone. The demand for diamonds increased and small deposits that did not satisfy the world’s needs were successfully discovered in Brazil in the year 1725. Further discoveries were made in Orange River and Colesberg Kopje in 1866 and 1871 respectively. The increase in supply devalued diamond up to 50%, however, in 1980 De Beers Consolidated Mine attempted to control its supply to regulate its value (Brilliance, 2019). De Beers intensively invested in advertisements in 1947 and this led to diamonds popularity thus influencing today’s culture of embracing diamond engagement rings and other beneficial gains from the venture.

The pro side of the controversy

Evidently, diamond is a source of income not only to the government but also directly and through affiliates of industry thus reducing poverty rates. This natural mineral is sold and the revenues are obtained by extractors. Empirically, Laniado estimates that close to ten million people around the world are employed in the industry benefit from the annual revenues of about $70 billion at the retail level of the diamond. Employment and roles include miners, cutters, manufacturers, suppliers, security, the technology and the machinery involved in the processes that use the income to improve their living standards. Comparatively, the government uses the revenues to provide amenities such as health and education facilities and among others, the government infrastructural developments. The above implies that the diamond industry is beneficial; on the other hand, however, their are problems which have to be controlled to avoid further damage on society.

The con side of the controversy

Notably, negatively mining diamonds not only affect the environment but it is also harmful to the people. This mining destroys the ecosystem caused by land degradation and deforestation when clearing for extraction and these attributes for soil erosion. Ever dear supposes that habitats for living things are destroyed through deforestation and water pollution for aquatic life forcing them to relocate (2019). Ideally, living things and plants are exposed to chemicals from quarrying causing plants to wilt thus there will be a low supply of food as the “ producers” will have died, wilted, or have low productivity creating the need for preserving the environment while practicing mining. From the discussions, it is clear that diamond mining has both positive and negative and it remains to be a topic that requires further research in order to be understood, therefore, there is a need for a holistic approach to the effects of this industry to the social and economic setting in society.