Diamonds have always occupied a very high status in the world of jewelry. Fueled by tradition and intense marketing campaigns, diamonds have achieved an incomparable status.

There is always something bad mixed with the good in life. The term conflict diamonds, or blood diamonds as others call it, became well-known to the average person when the James Bond movie “Die Another Day” was released. This contribution to the legendary James Bond saga revolved around the idea of smuggling blood diamonds.
So what is a conflict diamond? A conflict diamond is defined as a “diamond that originates from areas controlled by forces or factions opposed to legitimate and internationally recognized governments, and is used to fund military action in opposition to those governments”.

In short, a conflict diamond is any diamond that is mined from an area in which there is war, or armed conflict. The idea is that diamonds are very much in demand and that they fetch such a high price in almost any market. If you mine diamonds and sell them to other countries - of which there is, definitely no shortage - you can get a large amount of money for them.

I love diamonds more than any other gem in the world. It’s precious.

Regards,
Dette
Placement financier

Here’s an interesting article i read…I think it’d shed some light of a lot of us here.

Many people already have an idea that blood diamonds are funding murder, forced labor, rape, and political oppression in Zimbabwe. The diamonds were supposedly protected by the Kimberly Process, which prevents blood diamonds such as these to reach the market. Retailers are told that these diamonds are not KP approved, and are not labeled conflict free. However, there have been methods to avoid this process. Corruption in the system has caused situations where diamonds are leaked out. The diamonds are then taken and refined into diamond rings and pave engagement rings. Martin Rapaport left the World Diamond Council Recently and called the KP a sham. His word definitely means something as he is a highly influential industry expert. He had this to say: “Tens of thousands of carats of blood diamonds are now in dealers’ inventories and jewelers’ showcases — and are being actively sold to consumers….Instead of eliminating blood diamonds, the KP has become a process for the systematic legalization and legitimization of blood diamonds.” You can read more from the original article here.

It’s not going to stop with just a label. Firect action needs to be taken. I know it’s not an easy process as the government in those parts are not quite structured.

Source: http://blog.simayof.com/