Princess Cut Diamonds

Taken from Wikipedia.Org

In some of the more politically unstable central African and west African countries, revolutionary groups have taken control of diamond mines, using proceeds from diamond sales to finance their operations. Diamonds sold through this process are known as conflict diamonds or blood diamonds. Major diamond trading corporations continue to fund and fuel these conflicts by doing business with armed groups. In response to public concerns that their diamond purchases were contributing to war and human rights abuses in central Africa and West Africa, the United Nations, the diamond industry and diamond-trading nations introduced the Kimberley Process in 2002, which is aimed at ensuring that conflict diamonds do not become intermixed with the diamonds not controlled by such rebel groups, by providing documentation and certification of diamond exports from producing countries to ensure that the proceeds of sale are not being used to fund criminal or revolutionary activities. Although the Kimberley Process has been moderately successful in limiting the number of conflict diamonds entering the market, conflict diamonds smuggled to market continue to persist to some degree (approx. 2–3% of diamonds traded today are possible conflict diamonds[33]). According to the 2006 book The Heartless Stone, two major flaws still hinder the effectiveness of the Kimberley Process: the relative ease of smuggling diamonds across African borders and giving phony histories, and the violent nature of diamond mining in nations that are not in a technical state of war and whose diamonds are therefore considered "clean."[34]

The Canadian Government has setup a body known as Canadian Diamond Code of Conduct[35] to help authenticate Canadian diamonds. This is a very stringent tracking system of diamonds and helps protect the 'conflict free' label of Canadian diamonds.

Currently, gem production totals nearly 30 million carats (6,000 kg) of cut and polished stones annually, and over 100 million carats (20,000 kg) of mined diamonds are sold for industrial use each year, as are about 100,000 kg of synthesized diamond.