Who Buys Blood Diamonds 🆕 Exclusive Deal
Because blood diamonds can be mixed with legitimate stocks and subsequently cut and polished, they become virtually identical to non-conflict diamonds, making them difficult to detect once they reach consumers.
Jewellers and wholesalers may unwittingly purchase diamonds that passed through illicit channels, as traffickers hide the diamonds' origins. who buys blood diamonds
The initial buyers are typically black-market merchants and organized crime syndicates, particularly in West and Central Africa. Because blood diamonds can be mixed with legitimate
Rebel factions in countries like Angola, Sierra Leone, and the Central African Republic (CAR) directly seize diamond mines and sell the stones to arms traffickers to fund military campaigns. Rebel factions in countries like Angola, Sierra Leone,
"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.
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