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The stuff of legend: diamonds and development in southern Africa

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Author Info
Noland, Marcus
Spector, Brooks

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Abstract

This essay establishes four propositions. First, the diamond industry has been a positive force for development in southern Africa. Second, jewelry, among the most profitable segments of the industry, is a non-essential luxury, and accordingly, consumer concerns over conflict diamonds pose a long-term threat to the industry. Third, key in conflict diamonds is violent political conflict, not diamonds per se. Fourth, the continuing challenges shared by the industry, the NGOs, and public sector are to strengthen the Kimberley Process Certification System (KPCS) to eradicate trade in conflict diamonds and to enhance the related Diamond Development Initiative to regularize artisanal production and bring the diggers into the system.

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File URL: http://mpra.ub.uni-muenchen.de/15575/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 15575.

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Date of creation: Nov 2006
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Handle: RePEc:pra:mprapa:15575

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Related research
Keywords: diamonds; resource curse; Kimberley process; South Africa; Botswana; Namibia;

Find related papers by JEL classification:
Q34 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Natural Resources and Domestic and International Conflicts
O13 - Economic Development, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources

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This page was last updated on 2009-12-6.

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