Blood Diamond

(redirected from Conflict diamonds)
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Related to Conflict diamonds: Blood diamond

Blood Diamond

A diamond used to finance a war or rebellion. Blood diamonds are most common in Africa, where diamonds are plentiful and where there a great deal of conflict has taken place in the late 20th and early 21st centuries. Trade in blood diamonds is illegal. In 2003, the United Nations put in place the Kimberley Process to certify diamonds as legitimate. Blood diamonds are also called conflict diamonds.
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The effectiveness of the process has been brought into question by organizations such as Global Witness (pulled out of the scheme on 5 December 2011) and IMPACT (pulled out on 14 December 2017), claiming it has failed in its purpose and does not provide markets with assurance that the diamonds are not conflict diamonds.
Kimberly Process members are responsible for stemming 99.8 per cent of the global production of conflict diamonds.
The jewelry industry refuses to ban all blood diamonds and limited the remit of the KPCS to "conflict diamonds" which are defined as rough diamonds used by rebel groups to fund violence against legitimate governments.
In an interview on Monday after the WDC's annual general meeting in Dubai, Fischler praised Bin Sulayem's proposal to use expert diamond valuation methods to help curb the conflict diamond trade.
Although the scheme creates barriers for conflict diamonds to reach the legitimate diamond market, there are still weaknesses within the process which have allowed 1% of the diamonds in the market to be conflict diamonds.
"Raising global awareness of the work of the KP is key to not only report achievements, but to demonstrate how we are working to stem the flow of conflict diamonds, protect the rights of miners and improve conditions for their families in countries concerned in diamond mining and production," added Bin Sulayem.
The 2006 Leonardo DiCaprio thriller Blood Diamond (1) brought the issue of conflict diamonds (2) to the awareness of the general public.
The KP, set up to prevent conflict diamonds from entering the global supply chain, came into force in 2003.
Certainly not because there would be more conflict diamonds than twelve years ago.
DCI Alyson O'Donnell said Morrow tried to pin the death of Ms Huyton on the spy and said he was told to drive to France for "a handover of conflict diamonds".

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