Diamonds in Conflict: Impact, Ethics

Nov 20, 2023

Conflict diamonds, also known as “blood diamonds,” are gems mined in war zones and sold to finance armed conflict against governments.

Predominantly found in Africa, where numerous conflicts have been fueled by diamond trade.

The illicit trade of these diamonds poses challenges for legitimate diamond markets and ethical sourcing.

Initiatives like the Kimberley Process aim to stem the flow of conflict diamonds by certifying stones from conflict-free areas.

The presence of conflict diamonds depresses the value of legitimate diamonds and funds continued instability.

Global policies seek to regulate the diamond trade to prevent the sale and trade of conflict diamonds.

Growing consumer awareness has led to increased demand for ethically sourced diamonds to promote peace and development.

SRIRAM’s

Fill the below form to get free counselling for UPSC Civil Services exam preparation

UPSC DAILY CURRENT AFFAIRS

CHAR DHAM HIGHWAY PROJECT: BENEFITS AND CONCERNS

Diamonds in Conflict: Impact, Ethics - SRIRAM's Perspective