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Where Do Blood Diamonds Come From?

WHERE DO BLOOD DIAMONDS COME FROM? 4 of rough diamond sales can buy over 4 MILLION AK-47'S WHAT IS A BLOOD DIAMOND? A diamond mined in a war zone to finance: INSURGENCY INVADING ARMY'S EFFORT A WARLORD'S ACTIVITY WHAT STOPS IT? The Kimberley Process 99.8% PROS CONS 99.8% of rough diamond producing countries have agreed to take measures to ensure they buy and sell clean diamonds Kimberley Process does not take action when diamond miners are killed, tortured, raped & beaten, or when children are forced to mine The Kimberley Process doesn't always work. NON-EXISTENT REGULATIONS UNDERPAID & WORKERS SURAT 90% 90% of the world's unpolished diamonds are processed in Surat, India Make it impossible to tell which diamonds are dirty LIFE OF A SURAT WORKER 500,000 5 million of Surat's 5 million residents deal, polish, & move stones TEENAGE BOYS POLISH $10,000 IN DIAMONDS A DAY DAMAGED EYESIGHT 100 HOUR WORKWEEKS OF EYESIGHT STRAIN INHALED DIAMOND GRAINS CAUSE TUBERCULOSIS & For every $1 a polisher in Sarat makes, the retail stone value is $1,000 RESPIRATORY DISEASE $1 $1,000 PAPERWORK IS FROWNED UPON IN SARAT. LESS THAN OF THE 35 TONS OF ROUGH DIAMONDS THAT PASS THROUGH SURAT YEARLY. .. 2/3 ARRIVE THROUGH LEGAL CHANNELS Post-it notes mark the date, participants, carats, & value WORLDWIDE (Mostly Sarat) $15.2B Total rough diamond sales 1/4 ROUGH DIAMONDS ARE BLOOD DIAMONDS $3.8B Total rough blood diamond sales $2.28B = 4 million Ak-47's %3D Sold at 40% discount (because, they're illegal) (Global average AK price is $534) COUNTRIES MOST AFFECTED %3D ANGOLA SIERRA LEONE COTE D'IVOIRE LIBERIA THE CONGO 3.7 million deaths occur by blood diamond fueled conflicts HISTORY 1867 15 year old Stephanus Erasumus Jacobs finds a shiny white pebble 1869 Witch doctor, Swartbooi, finds 83.5 caret diamond, "Star of Africa" 1871 DE BEERSI Cecil Rhodes forms De Beers Consolidated Mines 1870's Mineral revolution transitions South Africa to an industrial nation Creates basis for apartheid conditions 1930's De Beers limits quantity of diamonds on the market inflating prices Coins "A Diamond is Forever" convincing women diamonds must be untouched by other women to be valuable A DIAMOND IS FO 1990's Diamonds become more precious, efforts to extract them become more violent Hong Kong and Mumbai are the largest diamond markets BLOOD DIAMONDS CONTINUE TO SHINE masters-in-business.net CITATIONS http://realhistoryarchives.blogspot.com/2007/02/brief-history-of-blood-diamonds.html http://en.wikipedia.org/wiki/Eureka_Diamond http://en.wikipedia.org/wiki/De_Beers http://en.wikipedia.org/wiki/Mineral_Revolution http://jezebel.com/5973648/a-quarter-of-all-dia- monds-in-stores-are-blood-diamonds-and-nobody-can-tell-which-ones-they-are http://www.foreignpolicy.com/articles/2013/01/02/rough_cut Phillip Killicoat, “Weaponomics: The Global Market For Assault Rifles," World Bank Policy Research Working Paper 4202, April 2007. (http://www.havocscope.com/ak-47-for-sale/) http://www.bain.com/publications/articles/global-diamond-report-2013.aspx http://www.kimberleyprocess.com/en/about http://www.amnestyusa.org/our-work/issues/business-and-hu- man-rights/oil-gas-and-mining-industries/conflict-diamonds http://www.brilliantearth.com/conflict-diamond-trade/

Where Do Blood Diamonds Come From?

shared by edgarrr on Apr 10
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Or, how one fourth of rough diamond sales can buy over 4 million Ak-47′s

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