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Home/ ZIS IB Year 2 2013-14/ Contents contributed and discussions participated by Michelle Walschot

Contents contributed and discussions participated by Michelle Walschot

Michelle Walschot

Starbucks concerned world coffee supply is threatened by climate change | Environment |... - 0 views

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    Coffee, a product consumed by so many people, but starbucks is now seeing climate change as a big threat to their industry. As climate change intensifies and the world's temperature is slowly but surely increasing in certain regions, it is feared that by 2050 in Ghana and the Ivory Coast it will be to hot for coffee to grow. Specifically the Arabica coffe bean which is one of the most important beans in the industry. There is now a lot of pressure on the government to act quickly and efficiently on climate change before it is too late. However coffee harvesters an farmers are already seeing severe changes in climate such as hurricanes and resistant bugs all causing for less produce. 
Michelle Walschot

Prices for Diamonds on the Rise as World Demand for Diamonds Increase - 0 views

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    As the supply of diamonds keeps becoming scarcer, the demand for diamonds is increasing greatly. Global factors affecting the large demand for diamonds are increase in consumer wealth, better marketing tactics, western influence, and future value/prices. In India specifically where the population growth rate reached over 25 % - which has also led to the rise of a middle class - diamonds are now being seen as a "status symbol", or as a way to show off, the demand for diamonds is increasing quickly. China has as well due to strategically improved marketing tactics and western influences increased its use of diamond wedding rings up to 40 % of all women. As diamond prices are higher than a few years ago, diamonds can be seen as worthy to invest in because of their increasing value and finite supply. 
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    The world demand for diamond keeps increasing signaling that diamonds are becoming scarcer and scarcer. Producers will therefore increase the prices of diamonds as it is a limited source, producers will also however try to find more diamonds so that the resource isn't as limited. Depending on the consumer's income, demand for diamonds will decrease with higher prices. Consumers will also switch to an alternative market - an increase in demand for other stones, gems - as their behavior will change. Consumers will also ration diamonds and if purchasing it, purchase it in lower amounts.
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