Conflict Diamonds are gaining public attention in the media, both in print (Wall Street Journal, NY Times) and television (news magazine shows like "Extra"). In 2006, the Grammy nominated Artist Kanye West is up for an award for his song "Diamonds from Sierra Leone". Later in the year, Leonardo Dicaprio starts filming a major blockbuster entitled "Blood Diamonds". Rightfully so, some consumers may ask questions regarding the country of origin of our diamonds, and whether or not they are "conflict free".
What are "Blood Diamonds"? These are diamonds that originate in countries (for example, Sierra Leone or the Ivory Coast) who use the proceeds to fund illegal and/or inhumane activities. Conversely, conflict free diamonds do not originate from these countries.
Can these diamonds be identified? Current technology cannot identify country of origin, nor will it any time soon. It's all simply a matter of trust. Diamonds could be laser inscribed when unearthed, but the inscription would be removed during the cutting/faceting process. Paper documents, noting all specifics and alterations (cutting specifics), etc. could accompany the diamond throughout the mining, cutting and resale markets, but the volume of paperwork and associated costs are too great for the consumer to bear.
Are they illegal? Yes, as of January 2003, most countries (United States included) signed the "Kimberly Process" agreement, wherein they agreed to not purchase or sell diamonds from selected countries. The United States also requires diamond dealers to ship products in tamper resistant containers, accompanied by government-validated certificates. Moreover, all diamond dealers are required by law to certify all diamonds in writing as "conflict free" when reselling.
What "conflict-free" assurances can a consumer receive? In addition to those stated above, a consumer should consider the reputation of the jeweler where the diamond is being purchased. At Michaels Jewelers, we strictly adhere to the above regulations; moreover, we have decades old personal relationships with our suppliers whose personal and business philosophies run parallel to our philosophies. Integrity is first and foremost.
Are there any diamonds with origin certificates? Yes, there are two or three new companies issuing origin certificates. But even these companies must rely on trust and integrity of their sources, and they are susceptible to the same ethical inconsistencies as any other company.
What are the chances that I'll purchase an "illegal" diamond? Of the 155.7 million carats of "rough" diamonds mined last year, only 300,000 carats came from illegal sources. In percentages, we're talking about less than 19/100 of one percent. In diamond sizes over 1/2 carat, that percentage is 100 times smaller. When you buy a diamond from Michaels Jewelers, that percentage is reduced even more because of our strict adherence to ethical business practices.
So then, what's the bottom line? Even if the entire jewelry industry followed no ethical behaviors, the chances of purchasing an illegal diamond are very, very small indeed (less than one-fifth of a percent; greater for a diamond 1/2 carat or more). If you're still concerned, choose a jeweler who practices ethical behaviors such as following sound fundamental business practices, making frequent charitable contributions, and actively pursuing community involvement. They are most likely to place importance on ethics over profits. Finally, keep things in perspective... you're more likely to catch a fly ball at a ball game than by buying "illegal" diamonds.
