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The stuff of legend: diamonds and development in southern Africa

Author

Listed:
  • Noland, Marcus
  • Spector, Brooks

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.

Suggested Citation

  • Noland, Marcus & Spector, Brooks, 2006. "The stuff of legend: diamonds and development in southern Africa," MPRA Paper 15575, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:15575
    as

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    File URL: https://mpra.ub.uni-muenchen.de/15575/1/MPRA_paper_15575.pdf
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    References listed on IDEAS

    as
    1. Elisabeth Gilmore & Nils Petter Gleditsch & Päivi Lujala & Jan Ketil Rod, 2005. "Conflict Diamonds: A New Dataset," Conflict Management and Peace Science, Peace Science Society (International), vol. 22(3), pages 257-272, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    diamonds; resource curse; Kimberley process; South Africa; Botswana; Namibia;
    All these keywords.

    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, Innovation, 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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