The diamond industry moves and sells billions of dollars of product every year. It is one of those industries where crime and fraud is rather rampant. It is very easy to steal a very small, but expensive diamond from a store or an individual without anyone noticing. If you are running a diamond jewelry store, you know you need to have very tight security and you will need to watch your goods like a hawk as they can come up missing and it will not be as obvious as you would think. Keeping the diamonds you sell close to your chest and secure is the best way to not take any losses that may result in you going out of business. The diamond trade is international with some of the larger cities as hosts to large diamond operations, either on the rough or polished side. They have to have the tightest security possible as they have billions of dollars of diamonds in their building. Some of these countries are not the safest possible and many have to watch out for serious, deadly criminals that will stop at nothing to get what they want.
Another consideration in these countries is the political climate. Here in the United States, there are not many rebel groups blowing up buildings or acting like terrorists. Although we have had terrorist attacks, they were very focused and we now know what to do if they ever happen again. Terrorism occurs all over the world, especially in poor, unstable countries. Terrorists look for any opportunity to cause problems to make various political points. In India, specifically Mumbai, this has happened and the diamond district there was affected. Three bombs were set off right near and inside of the district that caused the buildings to go on high alert. They have a lot to lose, so it is important to protect the diamonds from any rebels who may want to steal them and sell them off to fund more violence. Over the years, violence surrounding diamonds has been a hot button, so it is that important to protect the diamonds from leaving their chain of custody. So far, ten are dead and another 100 have been injured, but all of the diamonds are intact, so it appears they were not targeting the diamonds themselves.
Blood diamonds have been a huge issue and it is a shame to see the violence erupting in India, but clearly these terrorists are trying to make a point and rather than steal diamonds to fund their activities, they are more interested in using violence to make their point, whatever that may be. The diamond industry provides jobs and revenue to the country, so the terrorists should be cognizant of that fact and try not to disrupt businesses that are trying to better the conditions of the country by pumping money and creating jobs for India’s citizens. The bombs caused quite a scare, but the diamonds are safe, hopefully, it will remain that way.
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