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The market structure for conflict diamonds is the same market structure that exists for any illegal materials.
Trades probably take place at gunpoint, or under the threat of death should something about the transaction disturb any party involved; the general laws of supply and demand work here, too; usually a transaction exchange amount has been worked out in advance of the physical exchange; carnage, mayhem, death and disfigurement generally accompany such market operations.
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Diamonds that are mined by force and sold in the black market are called?
Conflict diamonds or blood diamonds. These diamonds are often used to fund conflict and civil wars in diverse regions around the world.
Who is responsible for keeping conflict diamonds off the world market?
Consumers are given tools -- Kimberly Certificates -- to support the exclusion of conflict diamonds from the gem-stone revenue stream.
Are conflict diamonds sold in the US legally?
Conflict diamonds from Liberia and Sierra Leone are barred from import by executive orders. It is difficult to identify conflict diamonds conclusively meaning that some diamonds sold int he US may very well be conflict diamonds.
How are conflict diamonds obtained?
Conflict diamonds are usually mined by humans digging in the soil.
How do conflict diamonds affect cultures?
Conflict diamonds can destroy, dismember and dismantle cultures.
Are blood diamonds and conflict diamonds the same thing?
Yes blood diamonds and conflict diamonds are the same thing. They can also be called converted diamonds, war diamonds or hot diamonds. Hopefully this answered your question.
How did conflict diamonds effect the diamond market around the world?
Conflict diamonds are diamonds generally found on the ground or rivers. The problem is that in areas of rebellion or high crime, the bad guys used the money from selling these raw stones to finance their crimes or rebellions. There are estimates indicating that conflict or blood diamonds were never more than 5% of the diamonds in the world. Now they are less than 1%. Why? The Kimberly Process. You can read more about the Kimberly Process, below.
How do conflict diamonds effect people?
People who mine conflict diamonds can be killed for a whim; conflict diamonds fund mayhem, war, civil unrest and other inhumane activities.
Do Swarovski earrings have conflict free diamonds in them?
Swarovski earrings are not real diamonds, therefore there is no concern about conflict free diamonds. Swarovski jewelry is made from crystals, not diamonds.
Who used the conflict diamonds?
According to DiamondFacts.org: "Conflict diamonds are diamonds illegally traded to fund conflict in war-torn areas, particularly in central and western Africa." You can read more, below.
How are conflict diamonds formed?
Conflict diamonds are formed like any other diamond: deep within the earth's mantel under extreme pressure and ultra high heat. It's only when humans become involved in the 'business of diamonds' that diamonds are labeled as conflict diamonds.
Do conflict diamonds help local economies?
Conflict diamonds 'help' the terrorists and criminals who profit from them. In local economies run by terrorists and criminals, you could say that conflict diamonds 'help' those economies, because the diamonds are turned into cash.
