Diamonds Changing Facets

Here is an update on diamonds.

Economist writes:

An industry once dominated by a cartel is starting to look like any other. DIAMONDS are back on the big screen. The stones serenaded by Marilyn Monroe as a girl's best friend are now, however, portrayed by Hollywood as Africa's worst enemies. Leonardo DiCaprio may win an Academy Award for his performance in “Blood Diamond”, as a mercenary hunting for the precious rocks during the war in Sierra Leone in the 1990s. But in reality, the shape of the industry—which produces an estimated $13 billion of rough stones and over $62 billion of diamond jewellery—has greatly changed since then.

More info @ http://www.economist.com/business/displaystory.cfm?story_id=8743058