Diamond – InvestDiamond.com describes itself as "the only online platform that allows members to trade in diamond fractions rather than entire stones." Diamond Investing News spoke with Project Manager Linnea Bruce to find out more.
Articles Tagged "kimberley process"
Diamond – 2013 brought the return of price stability to the diamond market, and analysts and companies believe 2014 will feature more of the same.
Diamond – Brilliant Earth posted an infographic that outlines the key facts consumers should know about unethical diamond mining and why it is important to purchase diamonds from ethical sources.
Diamond – The US Department of State announced that as part of a partnership between the United States and Guinea, the US will help the African nation adhere more closely to the Kimberley Process Certification Scheme.
Diamond – AllAfrica reported that Zimbabwe companies that have been certified as compliant with the Kimberley Process are selling their rough Marange diamonds for 25 percent less than the normal price due to allegations that they have been involved in undemocratic activities, as per information from a Parliamentary Portfolio Committee on Mines and Energy.
Diamond – RT reported that human rights groups, trade unions and "major civil society organisations" want Israel to be excluded from diamond processing by the Kimberley Process. They claim that "billions of dollars" worth of diamonds from Israel provide revenue to the country's military, which has been accused of war crimes.
Diamond – The Guardian reported that under the Kimberley Process, conflict diamonds are defined as diamonds "sold by a rebel group to wage war against a government." However, Human Rights Watch believes there is a "major loophole" in that description as it means that governments are not stopped from "committing abuses" when mining and selling diamonds. The publication fears that this week's Kimberley Process meeting will fail to account for that fact.
Diamond – Mining Weekly reported that, according to Susan Shabangu, South Africa's minister of mining, over 99 percent of the diamonds currently being traded are conflict free. That's a fairly large jump from about 85 percent during the 1990s.
Diamond – Reuters reported that Francois Bozize has been ousted from his position as president of the Central African Republic by a rebel coalition, and as a result, the nation has been suspended from the Kimberley Process.
Diamond – The Wall Street Journal reported that the Kimberley Process has recommended a temporary embargo on the Central African Republic after a rebel coup occurred in the country in March. Alluvial diamonds are a main source of funding for the nation.