Diamonds and African Countries
Almost half of all diamonds are mined in Africa. In fact, the diamond industry adds more than $8 billion to different economies throughout the continent. Many human rights leaders have said that diamond mining provides the strongest economic hope for Africa.
Diamonds are the lifeline for African countries, stimulating economic development, improved health care, better education, and job creation. Millions of people—many of them in the third world—support their families via jobs in the diamond industry.
Blood or Conflict Diamonds
As much good as diamond mining does for African countries, it has played a negative role as well. Conflict or “blood” diamonds are diamonds that have been illegally traded to fund warfare in Africa. During the late 1990s, it was estimated that a small fraction—perhaps 4% of the world’s rough diamond production—was stolen by or sold to rebels to fund violence against legitimate African governments.
Push For Change
The diamond industry has been working for years with the United Nations, governments of 68 countries, and organizations like Amnesty International to stop this tragic situation. Together, they created the legally binding, UN-mandated Kimberley Process to regulate the flow of rough diamonds across international borders and within producer countries.
The Kimberley Process in concert with the System of Warranties, the US Clean Diamonds Act, and the Patriot Act has been highly effective in stamping out conflict diamonds. The task is almost done. Today, an estimated 99.8% of global diamonds are guaranteed conflict free, but the industry will not rest until every conflict diamond is eradicated
Our diamonds are always ethically sourced, meaning you can buy with confidence. We buy only from suppliers who comply with the Kimberley Process, so we can trace every diamond we carry.
The Kimberley Process guarantees only legally sourced diamonds can be made into jewelry. The System of Warranties ensures documentation at every step, from mines to stores. The US Patriot Act of 2001 and Clean Diamond Act of 2003, both enforced by the US government, further protect our supply of diamonds.
We know every diamond we sell helps diamond-mining countries build stable societies. Diamonds create hope for the developing world. They provide livelihood for millions of people worldwide and are especially crucial to the survival of many countries in Africa.