While Diamonds Are Mined All Over the World,including in Canada,the

question 58

Essay

While diamonds are mined all over the world,including in Canada,the diamond trade is centred on Antwerp Belgium in an area known as the Diamond Quarter,or the Square Mile.Diamonds are cut and polished in lower wage countries such as India (which accounts for about 90% of all diamond cutting and polishing)but they are traded in Antwerp.There are almost 4,000 dealers,brokers and financial intuitions serving this industry,all located in an area of only several blocks.Antwerp has been the centre of the diamond industry for several centuries since Lodewyk van Berken,a Flemish jeweler invented a device for polishing diamonds around the year 1450.
How does the Heckscher-Ohlin theory help to explain this scenario?

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Definitions:

Density-independent Factors

Environmental factors that affect the size of a population regardless of the population density, such as weather and natural disasters.

Abiotic

Non-living chemical and physical parts of the environment that affect living organisms and the functioning of ecosystems.

Interspecific Competition

The interaction between members of different species that vie for the same resource in an ecosystem (e.g., food or living space).

Intraspecific Competition

The interaction between members of the same species that vie for the same resource in an ecosystem (e.g., food or living space).