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Friday, April 29, 2005

      Controlling Diamonds

What is Kimberly Process?

"At the start of 2003, an impressive effort to govern globalization got underway: The international diamond trade, which had fueled civil wars and international crime, became subject to a regulatory system backed by the United Nations and known as the Kimberley Process. An unlikely alliance of governments, the diamond industry and constructive nongovernmental organizations united behind two simple ideas:
-- Freshly mined diamonds should be sealed in registered containers that certify their country of origin.
-- Diamond importers should not accept unregistered gems that might profit insurgents or criminals.

Diamonds from conflict areas have sustained guerrillas in Liberia, Congo, Angola and Sierra Leone; they are thought to form part of terrorist financial networks."

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