The Diamond Trade Gives Way to Globalization

I have read an article which are talked about the effects of globalization on diamond industry. Also wrote some notes which might be useful for my essay:

http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2006/01/08/
MNGG6GH7JR1.DTL&type=printable

• Antwerp - tradition of cutting and trading the most precious gems began more than five centuries ago; the industry is now following the route of many other enterprises in the global market, shifting to the immense reserves of low-cost labor in India
• more than 25,000 diamond workers were employed in the 1970s; today, less than 800
• these gemstones were first found, polished and worn in India; today's rules of global trade are drawing the diamond industry back home
• Antwerp cannot compete anymore; polishing can now be done in India for one-fifth of the labor cost
• the most precious large white diamonds, are still worked in Antwerp, rather than in Asia, because of expertise and quality control