Diamonds are small, easily transportable and command high prices. These characteristics have made diamonds a good source of funds for coup leaders in
Africa and elsewhere. These smuggled diamonds have been labeled “conflict diamonds” and many consumers are wary about using a product that they think may be related to the suffering of innocent people.
However, before you skip buying diamonds it is important to understand the safe-guards that have been adopted by the UN and the actual role that diamonds play in the economic life of the developing countries.