- Jewellery
- Auto motive industry
- Windows.
- Medicine.
- Engraving.
- Audio equipment.
- Beauty products.
What is the significance of diamonds in South Africa?
Africa accounts for approximately 47% of the world’s diamonds, and diamonds account for nearly 3/4 of Botswana’s export revenue.
What role do diamonds play in the economy?
The vast majority of the world’s diamonds come from sources that use diamond revenues to aid their national development. Diamonds are an important source of revenue for infrastructure and essential social services such as hospitals and schools when properly managed and governed.
What effect do diamonds have on society?
Diamond mining also has a number of negative environmental consequences, such as soil erosion, deforestation, and ecosystem destruction. Blood diamonds are a major political impact of the diamond commodity chain, particularly at the mining level. These are diamonds mined in conflict zones to fund civil wars.
What role does diamond mining play in South Africa’s economy?
Control of all of these mines contributes significantly to the South African economy. It accounts for 18% of South Africa’s annual GDP and generates approximately $3 billion per year on average for each country with a diamond mine in South Africa.
