What is a Conflict Diamond?

Who hasn't heard of the slogan "A diamondIf you mine diamonds and sell them to other
lasts forever"? Diamonds have alwayscountries - of which there is definitely no shortage
occupied a very high status in the world of- you can get a large amount of money for them.
jewelry. Fueled by tradition and intense marketingWhere does the profit from these sales go?
campaigns, diamonds have achieved incomparableYou guessed it - to finance wars and other forms
status. Starry eyed young men present gorgeousof armed conflict in the affected areas. The
diamond rings to their girlfriends. Married couplesmanner of mining and selling blood diamonds is
exchange diamond studded jewelry over theusually done in secret. You can just imagine what
years as symbols to their undying love. Celebritiesthe reaction of the (average) buyer would be if
and personalities don fabulous diamond jewelryhe learned that he was financing a war
whenever they go out in public. There issomewhere in Africa with his transaction. Thus,
absolutely no doubt as to how valuable andpeople involved in the conflict diamond business do
sought after diamonds are.not really advertise what they are doing.
As with most things in life, there is alwaysAlthough these activities have been going on for
something bad mixed with the good. A diamondquite some time, it was only in 2000 that the
may be a woman's best friend but a diamond caninternational community formally recognized the
also be the bane of some people's existence -gravity of the situation. In December of that
and I am not talking about the man's pocket here.year, the United Nations General Assembly
The term conflict diamonds, or blood diamonds asrecognized the role of rough diamonds in
others call it, became quite well-known to thefurthering the conflicts in specific areas in Africa.
average person in 2002 when the James BondThe General Assembly came up with a resolution
movie "Die Another Day" wasaiming to severe the connection between the
released. This contribution to the legendary Jamesillegal sales of diamonds and wars in concerned
Bond saga revolved around the idea of smugglingareas.
blood diamonds.With this resolution in place, countries that buy
So what is a conflict diamond? The UN formallydiamonds from Africa became more aware of
defines a conflict diamond as a "diamondthe illicit trade. International sanctions were then
that originates from areas controlled by forces orput in place. In addition to these sanctions,
factions opposed to legitimate and internationallyindividual countries set up their own methods and
recognized governments, and are used to fundprocesses to curb the practice of trading conflict
military action in opposition to those governments,diamonds. The idea is that if no one will buy, then
or in contravention of the decisions of theno one will sell. People who take advantage of
Security Council." In short, a conflict diamondconflict diamonds would have no market and thus
is any diamond that is mined from an area inthe practice would stop.
which there is war, or armed conflict. The idea isWe all know however, that in the real world,
that diamonds are very much in demand and thatthings are never as simple as they usually seem
they fetch such a high price in almost any market.to be.