What does the term blood diamond mean?

blood diamond, also called conflict diamond, as defined by the United Nations (UN), any diamond that is mined in areas controlled by forces opposed to the legitimate, internationally recognized government of a country and that is sold to fund military action against that government.

Why do they call them blood diamonds?

Blood Diamonds, also known as “Conflict Diamonds,” are stones that are produced in areas controlled by rebel forces that are opposed to internationally recognized governments. … This is why the term “blood diamonds” is used.

Is Blood Diamond bad?

The tragic result is bloodshed, loss of life, and shocking human rights abuses – from rape to the use of child soldiers. Diamonds that fuel civil wars are often called “blood” or “conflict” diamonds. Although many diamond-fueled wars have now ended, conflict diamonds remain a serious problem.

How many diamonds are blood diamonds?

panel of experts estimates that 140,000 carats of diamonds—with a retail value of $24 million—have been smuggled out of the country since it was suspended in May 2013.

Why is it bad to buy blood diamonds?

Before purchasing a diamond, it’s imperative that you ensure it’s conflict-free. Diamonds that are not conflict-free are known as blood diamonds, which means they are illegally sold in order to finance devastating wars and terrorism.

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Are Tiffany blood diamonds?

Tiffany & Co. only offers conflict-free diamonds. We have taken rigorous steps to assure that conflict diamonds do not enter our inventory. As global leaders in sustainable luxury, Tiffany & Co. is committed to sourcing natural and precious materials in an ethical and sustainable manner.

Is Blood Diamond a real thing?

blood diamond, also called conflict diamond, as defined by the United Nations (UN), any diamond that is mined in areas controlled by forces opposed to the legitimate, internationally recognized government of a country and that is sold to fund military action against that government.

When did blood diamonds become a problem?

The war between 1991 and 1999 claimed over 75,000 lives, caused 500,000 Sierra Leoneans to become refugees, and displaced half of the countries 4.5 million people[6]. Also during this period, the Sierra Leone economy was being cheated out of millions of dollars in the form of illegal diamonds.

Does De Beers sell blood diamonds?

Diamonds: A Symbol of Love and Conflict. Blood Diamonds. … In 2000, De Beers controlled around 65 percent of all diamond production, while in 2001 De Beers marketed two-thirds of all the rough diamonds in the world and produced nearly half of the world’s supply of diamonds from their mine.

Are diamonds mined by slaves?

Blood diamonds are stones that are mined, usually by slave labor, in war-torn countries. The diamonds are illegally traded to fund the cost of the war for insurgents who oppose internationally recognized governments.

What is the most expensive diamond?

Topping our list of the most expensive diamonds in the world is the legendary Koh-I-Noor. Weighing in at a massive 105.6ct, the most expensive diamond in the world is oval shaped. Steeped in mystery and legend, the stone is believed to have been mined in India in the 1300s.

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Do ethical diamonds exist?

Ethical diamonds are diamonds that have fair humanitarian mining practices when it comes to wages and conditions when sourcing for raw diamonds. … The diamonds that are found in the underground mines and the riverbeds are the purest forms of diamonds and a consumer should be aware of these things while buying diamonds.

Are Costco diamonds ethically sourced?

Diamonds that we offer for sale are procured from legitimate sources not involved in funding conflict and comply with the United Nations resolutions set forth by the Kimberly Process procedure.