Conflict Diamonds or "Blood Diamonds"
Conflict Diamonds are also sometimes referred to as "Blood Diamonds." Conflict Diamonds are diamonds that originate and are mined from areas controlled by forces at war, or otherwise in armed conflict with the region's existing officially recognized government. The diamonds produced from these areas are used to illegally and often brutally fund military action in opposition to those governments, or in contravention of the decisions of the United Nations Security Council.
Clean Diamond Trade Act
In 2003, the U.S. Government signed the Clean Diamond Trade Act, which implements the Kimberly Process Certification Scheme. The Kimberly process standardizes the certification among diamond exporting countries, thereby creating common language, transparency, auditing and monitoring of diamond exportation. The act requires that all diamonds imported to the United States or exported from the United States have a Kimberley Process Certificate. The act aims to prohibit the importation of diamonds whose mining fuels conflict in the country of origin.
This legislation now levies significant sanctions against those who fail to comply, barring their access to the legitimate diamond market.