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Why I Don't Have a Diamond Ring

Posted Dec 23 2008 9:29pm

With my first marriage, I was all into getting diamonds...we were broke young people so my ex got me a diamond cluster...very small diamonds...and I thought it was just great...after happily getting divorced...that ring got put away in my jewelry box and never comes out..during my single mom period I of course did lots of growing up...trying to figure out who I am and what I wanted out of life and what I wanted for my children...I of course working a full time job...did as most full time jobbers do...and that is take some time here and there while at work and surf the net....since I did not have a computer at home my job was my only source to internet....I did lots of research on my breaks and at lunch on all sorts of subjects.....and one of them was on diamonds....after reading all the material I have found on this subject I decided not to ever purchase another diamond again...the article below is something I found on the net and it explains pretty much why I do not buy diamonds...


Ten Reasons Why You Should Never Accept a Diamond Ring from Anyone, Under Any Circumstances, Even If They Really Want to Give You One.

By Liz Stanton, CPE Staff Economist

1. You’ve Been Psychologically Conditioned To Want a Diamond. The diamond engagement ring is a 63-year-old invention of N.W.Ayer advertising agency. The De Beers diamond cartel contracted N.W.Ayer to create a demand for what are, essentially, useless hunks of rock.

2. Diamonds are Priced Well Above Their Value. The De Beers cartel has systematically held diamond prices at levels far greater than their abundance would generate under anything even remotely resembling perfect competition. All diamonds not already under its control are bought by the cartel, and then the De Beers cartel carefully managed world diamond supply in order to keep prices steadily high.

3. Diamonds Have No Resale or Investment Value. Any diamond that you buy or receive will indeed be yours forever: De Beers™ advertising deliberately brain-washed women not to sell; the steady price is a tool to prevent speculation in diamonds; and no dealer will buy a diamond from you. You can only sell it at a diamond purchasing center or a pawn shop where you will receive a tiny fraction of its original “value.”

4. Diamond Miners are Disproportionately Exposed to HIV/AIDS. Many diamond mining camps enforce all-male, no-family rules. Men contract HIV/AIDS from camp sex-workers, while women married to miners have no access to employment, no income outside of their husbands and no bargaining power for negotiating safe sex, and thus are at extremely high risk of contracting HIV.

5. Open-Pit Diamond Mines Pose Environmental Threats. Diamond mines are open pits where salts, heavy minerals, organisms, oil, and chemicals from mining equipment freely leach into ground-water, endangering people in nearby mining camps and villages, as well as downstream plants and animals.

6. Diamond Mine-Owners Violate Indigenous People’s Rights. Diamond mines in Australia, Canada, India and many countries in Africa are situated on lands traditionally associated with indigenous peoples. Many of these communities have been displaced, while others remain, often at great cost to their health, livelihoods and traditional cultures.

7. Slave Laborers Cut and Polish Diamonds. More than one-half of the world’s diamonds are processed in India where many of the cutters and polishers are bonded child laborers. Bonded children work to pay off the debts of their relatives, often unsuccessfully. When they reach adulthood their debt is passed on to their younger siblings or to their own children.

8. Conflict Diamonds Fund Civil Wars in Africa. There is no reliable way to insure that your diamond was not mined or stolen by government or rebel military forces in order to finance civil conflict. Conflict diamonds are traded either for guns or for cash to pay and feed soldiers.

9. Diamond Wars are Fought Using Child Warriors. Many diamond producing governments and rebel forces use children as soldiers, laborers in military camps, and sex slaves. Child soldiers are given drugs to overcome their fear and reluctance to participate in atrocities.

10. Small Arms Trade is Intimately Related to Diamond Smuggling. Illicit diamonds inflame the clandestine trade of small arms. There are 500 million small arms in the world today which are used to kill 500,000 people annually, the vast majority of whom are non-combatants.

References:

* Collier, Paul, “Economic Causes of Civil Conflict and Their Implications for Policy,” World Bank, June 15, 2000.
* Epstein, Edward Jay, “Have You Ever Tried to Sell a Diamond?“, The Atlantic Monthly, February 1982.
* Global Witness, “Conflict Diamonds: Possibilities for the Identification, Certification and Control of Diamonds,” A Briefing Document, June 2000.
* Human Rights Watch/Asia, “The Small Hands of Slavery: Bonded Child Labor In India,” Human Rights Watch Children’s Rights Project.
* Human Rights Watch, “Children’s Rights: Stop the Use of Child Soldiers.”
* Kerlin, Katherine “Diamonds Aren’t Forever: Environmental Degradation and Civil War in the Gem Trade,” E: The Environment Magazine.
* Le Billon, Philippe, “Angola’s Political Economy of War: The Role of Oil and Diamond
s, 1975-2000,” African Affairs, (2001), 100, p.55-80
* Mines and Communities, “The Mining Curse: The roles of mining in ‘underdeveloped’ economies,” Minewatch Asia Pacific/Nostromo Briefing Paper, February 1999.
* Other Facets, Number 1, April 2001; Number 2, June 2001; Num
ber 3, October 2001, www.partnershipafricacanada.org/hsdp/of.html [dead link]

© 2002 Center for Popular Economics





Now I am not saying if you own a diamond ring you are a terrible person...or oh my gosh you better get rid of your ring....if you have one keep it...you love it...it's yours....and if you want to keep on buying them by all means do what is right for you.....But for me diamonds will not be bought for me....When Terry and I got married he knew how I felt about diamonds...hell, I think he kinda danced in the streets since he did not have to pay an arm and a leg for a ring....I picked out the stone that I wanted, it is an Aquamarine gem stone...for geeky reasons...#1- I love the color #2- My favorite color is green..my hubby's is blue...so blend together and you get blue green...Aqua..yea I know geeky...but that is me...#3- I wanted to be different because frankly I am a little different...which I like to call pleasantly unique..haha....and #4- The price..we had just had a baby...we were totally broke!!! I will throw in a #5- if the stone ever falls out...it will not take much to replace it so I don't have to have insurance on it ;)

I would love to hear some opinions on this subject....send them on....



On the family side....My hubby cooked last night!!! And it was yummy!!! Missing my two older ones away at camp...babies played most of the day...and well....I really have not done to much cleaning because to be honest I just don't feel like it.....Lazy days are nice!!!
Later Tators!!

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