CONFLICT DIAMONDS HAVE BEEN REDUCED FROM APPROXIMATELY 4% TO CONSIDERABLY LESS THAN 1% SINCE THE IMPLEMENTATION OF THE KIMBERLEY PROCESS IN 2003.
In 2000, governments, NGOs and the diamond industry recognized the need to put a process in place to prevent conflict diamonds - or what some call "blood diamonds" - from entering the legitimate diamond supply chain, therefore ensuring diamonds were not used to fund conflict. They agreed on a simple system called the 'Kimberley Process.' Under this system, rough diamonds are sealed in tamper-resistant containers and accompanied by forgery resistant, conflict free certificates with unique serial numbers each time they cross an international border. This was enshrined into national law in the participants' countries in 2003. In 2004, the Chair of the Kimberley Process announced that considerably less than 1% of diamonds are conflict diamonds, reduced from approximately 4% before the establishment of the Kimberley Process. While this is an improvement, it is still not enough. The diamond industry will not rest until conflict diamonds are eradicated completely.
Decreasing the trade in conflict diamonds in a diamond-producing country minimizes the ability of rebels to fund violence. By allowing only legitimately sourced diamonds to be traded, revenues from these diamonds can then be used to benefit the people of that country. Today, more than 99% of diamonds traded internationally are from conflict free sources. Revenues from these legitimately sourced diamonds contribute significantly to the economies, healthcare systems, education and other infrastructure developments in some of the countries where they are found.
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- Joint resolution, World Federation of Diamond Bourses & International Diamond Manufacturers Association,Antwerp,19/07/00