- Conflict diamonds vs conflict free diamonds
- Kimberley certification system
- Extra safety and quality guarantee
Conflict diamonds versus conflict free diamonds
The diamond sector has in 2003 devoted itself to ban conflict diamonds from the international trade. Conflict diamonds are diamonds that are mined illegally in African countries, by men, women and children, often with force. The enormous profits gained from these practices are used to finance militant rebel groups in their fight against the government.
To stop these practices, a certification process was introduced that would guarantee the origins of the diamonds.
All import or export of rough diamonds needs to include a sealed Kimberley certificate, in an anti-fraud packaging. Shipments of rough diamonds that do not include this certificate will not be allowed to leave the country, or cannot be imported. Belgium is one of the 80 countries that have ratified the Kimberley certification system. Thus, when you buy a certified diamonds from BAUNAT DIAMONDS, you are guaranteed to receive an honest and conflict free diamond.
When trading in certified diamonds, both the importers, exporters and local diamond traders have to keep a register of all the Kimberley certificates of the past 5 years. This can be accessed and checked at any given time.
As a result of these strict regulations, diamonds are the most monitored and checked natural resource in the world. This system has successfully prevented conflict diamonds to take hold of the world trade, as non-participating countries are excluded from the international diamond market.
Less conflict, more prosperity
Since the implementation of the certification system, the share of conflict diamonds in the world trade has dropped from 15% to less than 0.1% today. Especially in Africa, where 65% of the mined diamonds originate from, is this form of diamond trade a source of prosperity. Therefore, African countries keep working together to further ban conflict diamonds in the RCM.
In Namibia, for example, the profits made from the diamond trade are now used to further bolster the fight against epidemics such as HIV and aids. In Botswana, they have been able to offer free primary and secondary education since 2003. Less conflict, more education and less health issues are the direct result of worldwide conflict free diamond trade, to which we all contribute, one gem at a time. Especially if we keep investing in certified diamonds.
Extra security and quality guarantees
Buying and selling certified diamonds has become much safer for investors. BAUNAT DIAMONDS only offers classified and tested diamonds, certified by the world’s most renowned precious stones laboratories: GIA, HRD and IGI.
If you would like to invest in diamonds, BAUNAT DIAMONDS would be happy to give you more information regarding the numerous investment options and different certificates.