In modern cases, blood diamonds are not always linked to non-state rebels; sometimes, they are linked to state-sanctioned abuses or forced labor.
These stones are often smuggled across borders into neighboring countries. There, they are mixed with legally mined, KP-certified stocks and sold on the open market, masking their origin. who buys blood diamonds
In the 1990s, blood diamonds constituted up to 15% of the global trade, generating huge profits from consumer sales. 3. Companies and State-Linked Entities In modern cases, blood diamonds are not always
Some buying houses have been documented purchasing diamonds in conflict areas without adequately investigating if they financed armed groups. 2. The International Jewelry Market In the 1990s, blood diamonds constituted up to
"Blood diamonds"—or —are rough diamonds mined in war zones and sold to finance insurgencies, terrorism, or illegal armed groups fighting against legitimate governments. Despite the implementation of the Kimberley Process (KP) in 2003, which aimed to curb their trade, blood diamonds still find their way into the legitimate market.
Those who buy or profit from blood diamonds include middlemen, criminal syndicates, and, often unknowingly, international retailers and consumers. 1. Illicit Traders and Smugglers
The initial buyers are typically black-market merchants and organized crime syndicates, particularly in West and Central Africa.