Yes! No-Conflict Diamonds

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Archive for March 2006

More About the Status of the World’s Diamonds

March 31, 2006, 4:17 pm

Today, 99.8 percent of rough diamonds for the jewelry industry are from conflict-free sources, and are certified as such by the Kimberley Process Certification Scheme, an international agreement mandated by the UN General Assembly and endorsed by the Security Council.

That’s a quote from a press release made the day after Valentine’s Day.

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    • —Baby BlingBling | no comments
    (posted in the diamond category)

    No Conflict Diamonds | An article discussing mining and other events on the diamond market

    March 30, 2006, 1:21 pm

    Interesting article I came across, regarding everything from diamond mining expansion to an increasing conflict in Russia between diamond cutters and miners and even the the light performance added into grading reports.

    Beyond magnificence and splendor, the world of diamonds evolves on stirred grounds. When the stake is so important, interests collide. But technology develops following its onward course. Here are some interesting off-stage events in the diamond industry and innovations in technology.

    De Beers sued by head of the Diamond Bourse

    Derek Parsons, the president of the Diamond Bourse of the Southeast United States has filed a lawsuit against De Beers, on the charge of the company’s disregard of American competition law. Their Supplier of Choice policy puts the American dealers at a disadvantage.
    The suit was not launched on behalf of the Miami bourse but on behalf of diamond dealers in America, condemning the criteria on which De Beers makes the sales –

    [continued]

    • —B | no comments
    (posted in the diamond, diamonds, canadian diamond mines, canadian diamond mining, conflict diamond mining category)

    No Conflict Diamonds | An article from this month that also supports my point

    March 30, 2006, 12:48 am

    I found this article last month but forgot to post it.

    Hong Kong, the “Diamond Centre of Asia” has a certification scheme designed to regulate the trade of the contraband and is involved in the Kimberley Process, a U.N.-backed global scheme to stop the illegal trading of these gems. But how much impact the city’s good behavior makes is questionable — it appears impossible to stamp out smuggling because the monitors intended to block them are paid a pittance.

    http://english.ohmynews.com/articleview/article_view.asp?article_class=3&no=273705&rel_no=1

    • —Baby BlingBling | no comments
    (posted in the diamond, conflict diamonds, conflict diamonds africa, sierra leone diamond conflict, diamond conflict in sierra leone, conflict diamond mining, essays on conflict diamonds, conflict diamond statistics category)


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