What percent of diamonds are smuggled illegally out of Sierra Leone?

What percent of diamonds are illicit?

The United Nations has, for example, estimated that 20 per cent of the world’s rough diamond trade is illicit in nature and that conflict diamonds constitute less than four per cent of world production (Expert Panel on Sierra Leone 2000). De Beers (2001) now place this latter figure at approximately 2.5 per cent.

What percentage of diamonds come from Africa?

Africa is the world’s largest producer of diamonds, producing as much as 50% of global production. To date, Africa has produced over 75%, in value, of the world’s diamonds with more than 1.9 billion carats worth an estimated $US 158 billion mined. Angola, Botswana and South Africa are leading producers of diamonds.

Does Sierra Leone export diamonds?

Botswana and Sierra Leone are exported. The African continent alone provides about 65 per cent of the global diamonds, and with the Russian Federation, Botswana is one the biggest producers of diamonds in the world.

What percentage of diamonds are conflict diamonds?

The diamond industry estimates that conflict diamonds represent 4 percent of the total trade in rough diamonds. Others have estimated that conflict diamonds could amount to as high as 15 percent of the total trade.

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Why are there so many diamonds in Sierra Leone?

Diamonds were found in the early 1930s, from 1934 to 1956 the Sierra Leone Selection Trust (SLST) held the monopoly for mining, prospecting for and marketing diamonds throughout Sierra Leone. … The monopoly was originally given for 99 years but in 1955 the SLST gave up rights to alluvial deposits outside its lease area.

How do blood diamonds affect Sierra Leone?

Under the cover of warfare the rebels committed heinous crimes against humanity in the form of murder, rape, and mutilation. The war between 1991 and 1999 claimed over 75,000 lives, caused 500,000 Sierra Leoneans to become refugees, and displaced half of the countries 4.5 million people[6].

Who owns the diamond mines in Sierra Leone?

Koidu Limited

Type Private company
Industry Diamond mining
Founded 2003
Headquarters Freetown, Sierra Leone
Key people Ibrahim Turay info@koidulimited.com

How many diamonds are in Sierra Leone?

An estimated 9 million carats of high-quality diamonds have been extracted from the small West African nation since rich alluvial deposits were first found by British colonialists in the 1930s, but the country has little to show for it.