Are conflict diamonds less expensive?



  1. 0 Votes

    Yes. However, knowing if you’re buying a non conflict or blood diamond is tricky.  The United States signed a bill into law in 2003 that prevented the purchase of diamonds from countries known to sell blood diamonds (ie Sierra Leone, Liberia, Ivory Coast), however, because United States diamond distributers buy from wholesalers, a diamonds status cannot always be varified.  There is a certification process (Kimberley Process Report) for ensuring the status of a diamond, though these are not always reliable because diamonds can change hands many times before they reach the wholesaler.

    The take home message to all of this is that the diamond certification process is not fool-proof.  Someone could buy a non-conflict diamond and pay extra for that certification even though it is actually a blood diamond.

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