Saturday, June 19, 2010

“Angola 'Blood Diamond' Resurfaces”

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“Angola 'Blood Diamond' Resurfaces”


Angola 'Blood Diamond' Resurfaces

Posted: 19 Jun 2010 08:44 AM PDT

Wall Street Journal:

CAFUNFO, Angola--On paper, Angola is a poster child for the global effort to keep "blood diamonds" out of the world's jewelry stores.

International pressure helped end a vicious civil war a decade ago by strangling the ability of rebels to trade diamonds for weapons. Angola is now a leading member of the so-called Kimberley Process, an industry-wide effort to prevent commerce in rough diamonds by insurgent groups. Today, Angola is the world's fifth-largest diamond producer by value, and its gems are coveted for their size and purity.

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