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Africa unites over diamond tradeDiamond producing African countries have formed an association in order to strengthen their influence over the diamond industry.Source: Agencies Meeting in the Angolan capital of Luanda on Saturday, 12 diamond producing African countries formed the African Diamond Producing Countries' Association. Seven
other nations from the continent participated as observers. Manuel
Africano,
Africano
said Africa, which includes the world's largest diamond producer The
diamond industry represents 33 per cent of Conflict
diamonds have long fuelled African wars, with armed factions selling gems to
raise funds for weapons. In
2002, the United Nations backed the Kimberley Process Certification Scheme, a
programme launched to certify the origins of rough gems. It allows the diamond
industry to block stones mined in conflict zones from sale in overseas markets. The
Kimberley Process's 45 participants account for approximately 99.8 per cent of
the global production of rough diamonds. Sanctions
on
Ministers
from the newly formed association also appealed for the UN to lift sanctions on
Liberian gems. The
Security Council imposed arms and diamond embargoes on "We
wish that sanctions be lifted as soon as possible and we are willing to help The
association's members include
related The Political Economy of African business Diamonds
by Prof. R. T. Naylor
A few years before 9/11, the world's curiously selective conscience was shocked by images from the little West African country of Sierra Leone. There, an insurgent group fond of hacking off hands and feet with machetes funded its war by exploiting slave labor in diamond fields, smuggling gemstones via complicit dealers (Lebanese, naturally) to Liberia, then onto world markets.
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