Illegal Diamonds In World Market

100% of the diamonds from Venezuela which are entering the world market are illegal according to a London based non government organization.

Global Witness says the Kimberely Process Certification Scheme (KPCS) is failing to effectively prevent corruption, smuggling, money laundering and human rights abuses.

It says even though Lebanon does not have any local deposits, the country is exporting more gem-quality rough diamonds than it imports.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s