The Kimberly Process Certification System has Virtually Eliminated the Trade of Conflict Diamonds
5 August 2015 / Blog
Diamonds are a growth-creating and beneficious part of many economiesespecially in a handful of important developing countries across the world. Unfortunately, many socially conscious consumers hesitate to use and buy diamonds for fear of partaking in the trade of conflict diamondsdiamonds mined via slave/low paid labor and sold in order to fund violence.
Thanks to a United Nations project known as the Kimberly Process Certification System, however, conflict diamond trade has been nearly destroyed over the past 10 years. Once rampant, conflict diamonds now represent less than %1 of the global diamond market.