Blood Diamond

(redirected from War diamond)
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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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Also, there are differences in emphasis among countries -- Japan's priorities are on regulations on small arms and reducing poverty, while countries such as Britain and Canada are keen to see tighter controls on war diamonds.