Blood Diamonds are also called Conflict Diamonds. Conflict Diamonds are mined under cruel working conditions, most notably in poor African countries. Miners are subject to substandard working and safety conditions and child labor may also be used. The mines may be run by warlords who use the profits to fund bloodshed.
We subscribe to The Kimberly Process (KP) which is an international, multi-stakeholder initiative created to increase transparency and oversight in the diamond industry in order to eliminate trade in conflict diamonds, or rough diamonds sold by rebel groups or their allies to fund conflict against legitimate governments. The KP, which became operational in 2003, controls trade in rough diamonds between participating countries through domestic implementation of a certification scheme that makes the trade more transparent and secure; and prohibits trade with non-participants.
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Conflict Free Diamond
Fifty-four participants representing 81 countries participate in the KP, with industry and civil society participating as observers. Rough diamonds must be shipped in sealed containers and exported with a Kimberley Process Certificate that certifies that the rough diamonds have not benefited rebel movements. The KP has succeeded in almost eliminating the flow of ‘blood diamonds’ completely. In 2001 conflict diamonds represented approximately 15% of world production whereas today it represents less than 1%.