What are Conflict Diamonds ?   Conflict diamonds are diamonds that are illegally obtained by rebel groups and then sold to fund conflict abroad. Putting an end to conflict diamonds. Consumer demand for diamonds is higher than ever, but this year, more customers may be asking about conflict diamonds. With recent and upcoming mentions of conflict diamonds in books, music and movies, the subject is topical again. So it is important that you understand the facts. In January 2003, governments, non-governmental organizations and the industry created an intergovernmental agreement called the Kimberley Process Certification System. It was established to eradicate the trade in conflict diamonds. Over 99% of diamonds are from sources free of conflict. At their peak in 1999, conflict diamonds accounted for approximately 4% of the world's diamond supply. Since the Kimberley Process was established, conflict diamonds have been reduced to considerably less than 1%. Revenue from diamonds provides funds for hospitals, schools and more. Diamonds are helping transform lives around the globe, especially in Africa. Revenues from diamonds ($8.3 billion in the last year alone) have helped provide jobs, education and healthcare, especially in the fight against HIV/AIDS. We can assure you that the gemstone industry is 100% committed to the total eradication of conflict diamonds. "The elimination of conflict diamonds is a moral imperative for the entire industry and based on our past success, it is an attainable goal. However, for us to succeed, it requires the commitment and participation of everyone in the industry." - Eli Izhakoff , Chairman and CEO, World Diamond Council. August 2006