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.


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