Thursday, March 13, 2008
Blood Diamonds finance murderous conflict
So what is a conflict diamond? The UN formally defines a conflict diamond as a "diamond that originates from areas controlled by forces or factions opposed to legitimate and internationally recognized governments, and are used to fund military action in opposition to those governments, or in contravention of the decisions of the Security Council."
In short, a conflict diamond is any diamond that is mined from an area in which there is war, or armed conflict. The idea is that diamonds are very much in demand and that they fetch such a high price in almost any market. If you mine diamonds and sell them to other countries - of which there is definitely no shortage - you can get a large amount of money for them. Where does the profit from these sales go?
You guessed it - to finance wars and other forms of armed conflict in the affected areas.