What is conflict diamond?

Why are they called conflict diamonds?

Blood Diamonds, also known as “Conflict Diamonds,” are stones that are produced in areas controlled by rebel forces that are opposed to internationally recognized governments. … This is why the term “blood diamonds” is used.

What are conflict diamonds used for?

The United Nations defines conflict diamonds as “… diamonds that originate from areas controlled by forces or factions opposed to legitimate and internationally recognized governments, and are used to fund military action in opposition to those governments, or in contravention of the decisions of the Security Council.”

Is it illegal to buy conflict diamonds?

Since 2014, the Kimberley Process has banned the export (pdf) of diamonds from the war-torn country, used to fund rebel fighters. … There is still some paperwork involved, through a process known as “naturalization” to introduce the conflict diamonds into the legitimate market.

Do conflict diamonds still exist?

A lot has been done to address the issue of blood diamonds and conflict diamonds since then, but unfortunately, we still have a ways to go. … The diamond trade is an 81 billion dollars industry with 65% of mined diamonds coming from Africa.

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Why are blood diamonds bad?

The tragic result is bloodshed, loss of life, and shocking human rights abuses – from rape to the use of child soldiers. Diamonds that fuel civil wars are often called “blood” or “conflict” diamonds. Although many diamond-fueled wars have now ended, conflict diamonds remain a serious problem.

Are diamonds mined by slaves?

Blood diamonds are stones that are mined, usually by slave labor, in war-torn countries. … The diamonds are illegally traded to fund the cost of the war for insurgents who oppose internationally recognized governments.

Are Tiffany blood diamonds?

Yes, we have taken rigorous steps to assure that conflict diamonds do not enter our inventory. As global leaders in sustainable luxury, Tiffany & Co. is committed to sourcing natural and precious materials in an ethical and sustainable manner.

How bad is the diamond industry?

Environment. Due to poor planning and weak regulation, diamond mining has caused environmental devastation, severely damaging the land and water. This irresponsible mining has caused soil erosion and deforestation, and has forced local communities to relocate.

What does it mean when a diamond is conflict-free?

Conflict-free refers to diamonds which have not financed civil wars. Ethical diamonds go further, ensuring fair pay, safe working conditions, environmentally sound practices, and no human rights abuses.

What are blood diamonds worth?

Diamond experts say the gem could be the 10th-largest ever discovered and initially pegged its value at $50 million.

How can you tell if a diamond is conflict-free?

Each diamond receives a Kimberley Process certificate—verifying that the diamond is conflict-free. With the widespread adoption of The Kimberley Process, the number of conflict diamonds and associated crimes have dropped considerably worldwide.

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Are Kay Jewelers diamonds conflict-free?

Each diamond that comes from Kay Jewelers will include a written warranty as follows: “The seller hereby guarantees that these diamonds are conflict-free, based on personal knowledge and/or written guarantees provided by the supplier of these diamonds.” Kay Jewelers is very much against conflict diamonds.

Are diamonds blood diamonds?

Blood diamond, also called conflict diamond, as defined by the United Nations (UN), any diamond that is mined in areas controlled by forces opposed to the legitimate, internationally recognized government of a country and that is sold to fund military action against that government.

Are diamonds cheaper in Israel?

The Prices of Diamonds and Jewels in Israel are Low

In Israel, the Diamond Exchange in Ramat – Gan is a tax free area, and therefore diamonds are sold there at decreased prices due to the low taxation.

Are Diamonds worthless?

Diamonds are intrinsically worthless: Former De Beers chairman (and billionaire) Nicky Oppenheimer once succinctly explained, “diamonds are intrinsically worthless.” Diamonds aren’t forever: They actually decay, faster than most rocks.

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