International Gold and Diamond Trade
Gold and diamonds are two of the world’s most precious commodities. They are used in jewelry, currency, and investment, and they have a long history of being traded internationally.
The international gold trade is dominated by a few large companies, including the World Gold Council and the Bank of England. These companies set the price of gold and facilitate the trading of gold between countries.
The international diamond trade is more fragmented than the gold trade. There are a number of large diamond producers, such as De Beers and Rio Tinto, but there are also many smaller producers. The diamond trade is also affected by the presence of conflict diamonds, which are diamonds that are mined in war zones and used to fund conflict.
The international gold and diamond trade is a complex and fascinating one. It is a trade that has been going on for centuries, and it is likely to continue for many years to come.
Here are some interesting facts about the international gold and diamond trade:
* The world’s largest gold producer is China.
* The world’s largest diamond producer is Botswana.
* The United States is the world’s largest consumer of gold.
* India is the world’s largest consumer of diamonds.
* The international gold trade is estimated to be worth over $2 trillion per year.
* The international diamond trade is estimated to be worth over $100 billion per year.
The international gold and diamond trade is a major part of the global economy. It is a trade that has a long history and is likely to continue for many years to come.
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