A blood diamond (also called a conflict diamond, converted diamond, hot diamond, or war diamond) is a diamond mined in a war zone and sold to finance an insurgency, invading army's war efforts, or a warlord's activity. These terms are particularly used in the context of diamond trading to indicate the negative effects of their sale. These diamonds are mined particularly in Africa where around two-thirds of the world's diamonds are extracted. The phenomenon of conflict minerals has the same nature.
- We recognize that rough diamonds individually are not sufficiently determinable as to source and origin. However, with the correct system, rough diamond parcels can be monitored within a net.
- There is no implementable way to tag, track and identify finished polished diamonds.
- All legitimate rough diamonds can travel within an identifiable net.