Blood diamonds also called conflict diamonds , war diamonds , hot diamonds , or red diamonds are diamonds mined in a war zone and sold to finance an insurgency , an invading army's war efforts, or a warlord 's activity. The term is used to highlight the negative consequences of the diamond trade in certain areas, or to label an individual diamond as having come from such an area. Diamonds mined during the recent [ when? The UN set out to find how this remaining illicit trade was being conducted and appointed Canadian ambassador Robert Fowler to investigate.
Brexit backer Arron Banks faces questions over uncut diamond
Blood diamond - Wikipedia
July 30, Spread across the muddy, cratered moonscapes, hundreds of hunched men still break their backs day after day sifting through wet gravel with crude shovels and sieves. Last winter the Oscar-nominated movie 'Blood Diamond' cast Hollywood's bright lights on the brutality of a war that was funded by diamonds dug by hand out of these mud pits then exchanged for weapons and exported to Europe where they were cut, polished, packaged, and sold to consumers seeking a symbol of enduring love. Since the diamond-fueled wars in Sierra Leone and neighboring Liberia have ended, the amount of diamonds coming from conflict zones has dropped from 15 percent during the mids to only 0. With the help of international organizations and donor nations, Sierra Leone has made great strides in regulating its diamond industry, and Liberia just announced that it will lift its six-year-old moratorium on the mining, sale, and export of diamonds on Monday. In , experts estimated that up to 20 percent of the country's diamond production was being smuggled. Some dispute this figure but none deny that smuggling persists.
Have you ever thought about the price of a Earth mined diamond beyond its monetary value? Sure the 4Cs are important to understand when purchasing a diamond as that is how the cost of the diamond is determined. But beyond the 4Cs and monetary cost, there is a huge price that is paid for all that natural sparkle. At MiaDonna we refer to this cost at the 5th C - conflict.
Representatives went undercover by creating a social media profile for a fictitious diamond buyer that claimed to be based in Antwerp but operates internationally. Their year-long investigation describes how deals are done despite continued violence and displacement in the diamond-rich country. The Kimberley Process KP initiated a temporary suspension of CAR in May , effectively placing an international embargo on exports of CAR diamonds, which were found to be funding armed groups in the inter-religious conflict. The KP encouraged diamond trading countries to "exercise enhanced vigilence", to report any suspect shipments, take appropriate action against any individuals or companies involved in the illicit trade of CAR diamonds and to do what is necessary to ensure CAR stones do not enter the legitimate trade. Last year, the KP partially lifted the embargo on zones it deemed compliant and conflict-free.