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  • Essay / Blood diamond: supply and demand - 989

    In 2012, Sierra Leone's diamond industries were incredible and the amount of exports exceeded one hundred million US dollars (Sierra). The principles of supply and demand seem central in characterizing different market trends. In various market structures, the black market tends to be rarely regulated. However, the black market observed in the business allows the integration of certain strategies in the market effort to interest traders. Traders have linked up with various black markets to find places where the best deals are being made on illegal goods. These goods are defined as being oriented towards the interests of society, as well as the improvement of demand. Veblen products are the main targets of these market developments. This comes from the increase in people's demand and the luxury status associated with their use, and implies the potential capacity to reduce the performance of the rest of the goods. In "Blood Diamonds", Weinstein (2006) showed that a civil war occurred in the 1990s in the Republic of Sierra Leone. Archer, Vandy and Bowen were the main characters in the film. They risked lives and fought countless battles. They ultimately had a common goal: to discover the dark side of the black diamond market in Africa and America. In "'Blood Diamonds' and Armed Conflict in Africa in the Post-Cold War Era", Orogun (2004) stated that diamonds are called "clean stones". This article explains that the black market really exists in Africa. I use this article to demonstrate that the black market diamond trade is still unregulated, and that they have defined it as a "licit" trade. In “Regimes of ethical value? Landscape, Race, and Representation... middle of article...potential market interference in the legal trading circle can be shaped to suit the interests of the traders involved. Works Cited Falls, S. (2011). Imagining blood diamonds. Critical Arts, 25(3), 441-466. doi:10.1080/02560046.2011.615144Orogun, P. (2004). “Blood diamonds” and armed conflicts in Africa after the Cold War. Global Affairs, 166(3), 151-161. doi:10.3200/WAFS.166.3.151-161Schlosser, K. (2013). Regimes of ethical value? landscape, race and representation in the Canadian diamond industry. Antipode, 45(1), 161-179. doi:10.1111/j.1467-8330.2012.00996.xSierra Leone | Kimberley Process. (nd). Retrieved March 8, 2014 from http://www.kimberleyprocess.com/en/sierra-leone Weinstein, P. (producer), Zwick, E. (producer and director), Herskovitz, M. (producer), King, G. (Producer). (2006). Blood diamond. [Motion picture]. United States: Warner Bros...