Conflict Free Diamond
What are conflict diamonds?
Diamonds which are illegally traded to fund conflict. The term was coined in the late 1900s when rebels in some African countries used diamonds
to fund movements against legitimate governments. When the problem was at its height, conflict diamonds accounted for only 4% of the worlds
supply. Today, they account for considerably less than 1%
What has been done about conflict diamonds?
The diamond industry, governments, the United Nations and non-governmental organisations adopted the Kimberly Process Certification System (Nov.
2002) to stem the trade in conflict diamonds. The SoW was put in place to assure only legitimately sourced diamonds are traded. Today over
99% of the worlds diamond supply is certified to be from sources that are free from conflict.