Diamond Trade
latest news & developments
Diamond trade bleeds the poor
Corruption in the chain artificially raises prices, plumping the pockets of the already rich.
Bitter fight for diamonds divides the impoverished Richtersveld
Fierce infighting has erupted within the Richtersveld area’s structures over the leadership of a community-owned mine.
Watchdog calls on US to lift Zimbabwe diamond sanctions
The 81 countries taking part in the Kimberley Process have called on the US to follow the EU’s lead and lift sanctions on Zimbabwean mines.
CAR halts diamond trade pending reforms
President Michel Djotodia has said his country would halt trade in diamonds pending reforms to ensure that they are not used to fund conflicts.
Rare diamond sells for record $21.5-million
A huge, internally flawless diamond from India’s fabled Golconda mines has been sold at auction in Geneva for a record $21.48-million.
Rights group calls for halt to Zim diamond sales
Human Rights Watch claims Zimbabwe has broken its promise to halt physical abuse of diamond miners and should have its certification frozen.