Blood diamonds are diamonds which have been mined from a
nation that has an internal political struggle going on, that is usually a violent one
and the money earned from the export of diamonds is used to fund the various groups
involved in the civil war. It allows the groups to buy more weapons and expand their
fight.
Countries in Africa, which are rich in diamonds like
Angola, Liberia, Congo, etc. have gained independence only in the last 2-3 decades and
are yet to establish a stable political system. There are numerous groups all over these
countries which wage war among each other. To find funds for this, the local civilians
are forced to mine diamonds which are then used to finance the war that is being
waged.
In view of this, major diamond importing nations
around the world have now placed restrictions on the import of diamond from these areas.
It is expected that this will help in the restoration of peace and benefit the locals.
Though the trade in diamonds from conflict zones continues in many ways, there has been
a reduction due to the restrictions placed.
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