Quick Answer: Are conflict diamonds illegal?

What are the consequences of buying conflict diamonds?

Diamonds intensify civil wars by financing militaries and rebel militias. diamond wealth. Rival groups also fight with each other to control diamond-rich territory. The tragic result is bloodshed, loss of life, and shocking human rights abuses – from rape to the use of child soldiers.

How much is the blood diamond worth?

What are blood diamonds worth? The latest Sierra Leone Blood diamond is over 709 Carats, that is uncut, and is worth $50 million. The government now take a 3% cut on all traded diamonds, and De Beers enforces this rigorously.

Does De Beers sell blood diamonds?

Blood Diamonds. … In 2000, De Beers controlled around 65 percent of all diamond production, while in 2001 De Beers marketed two-thirds of all the rough diamonds in the world and produced nearly half of the world’s supply of diamonds from their mine.

Has the blood diamond trade ended?

It’s been almost two decades now since governments came together to end the trade in “blood diamonds” that were fuelling several brutal wars in Africa. … Residents living near the diamond fields have suffered forced labor, torture, and other abuses.

Are blood diamonds illegal in the United States?

Before purchasing a diamond, it’s imperative that you ensure it’s conflict-free. Diamonds that are not conflict-free are known as blood diamonds, which means they are illegally sold in order to finance devastating wars and terrorism.

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