What Are Conflict Free Diamonds?
Conflict diamonds are diamonds illegally traded to fund conflict in war-torn areas, particularly in central and western Africa. The United Nations (UN) 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.” These diamonds are sometimes referred to as “blood diamonds.” When the problem was at its height, conflict diamonds accounted for only 4% of the world’s diamond supply, today it is less than 1%. This reduction in their trade has been achieved by the diamond industry and governments adopting the Kimberley Process Certification System (2002) to assure that only legitimately sourced diamonds are traded.
Kimberley Process Certification
Rough diamonds traded between KP countries are transported in a tamper resistant container and accompanied by a government validated KP certificate. Once imported and ready to be traded, a written statement accompanies all invoices guaranteeing that the diamonds or diamond jewelry are being sold from legitimate sources.