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A blood diamond (also called a conflict diamond, dirty diamond or a war diamond) is a diamond mined in a war zone and sold, usually clandestinely, in order to finance an insurgency, invading army's war efforts, or supporting a warlord's activity. It is also an amazing movie.
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The diamond market is dominated by De Beers companies which were formed in South Africa by originally British owners. De Beers owns many diamond mines in Africa. The various companies within the De Beers “family of companies” are responsible for around 40% of world diamond production by value.[[http://en.wikipedia.org/wiki/Blood_diamonds#_note-DBIntro|]]] Besides this, 'Debswana (Debswana Diamond Company Ltd)' which is a fifty-fifty (originally it was only 15% for government of Botswana which was changed later) partnership between De Beers and the government of Botswana is the world's leading producer of diamonds by value. There are other diamond mines owned by small companies in Botswana but they have less control on the market.
According to critics, the blood diamond story is a war for controlling the diamond mines. First, as rebels or armies of African origin (and once a failed attempt by the government of Botswana) try to control some diamond mines which is not acceptable by monopolists in the market, the diamonds out of the control of these companies is termed as blood diamonds. Second, critics think that more weapons are purchased by selling oil than by selling diamonds. Other substances are sometimes sold the same way as conflict diamonds, such as cassiterite, coltan and gold. In fact, rap artist Akon, who personally owns a diamond mine, has publicly stated his personal opinion that conflict diamonds are not as big of a problem as 'conflict oil.'
Third, some critics believe that, far from attempting to curtail the purchase of weapons using diamond profits or improving diamond-miners' working conditions, the Clean Diamond Trade Act and the Kimberley Process are simply tools for maintaining a monopoly on the world's diamond supply. The position taken is that instruments do nothing to protect the diamond-mine workers of South Africa from dangerous working conditions outlawed elsewhere. The book referenced provides powerful evidence that De Beers' mines are often filled with a deadly dust that cuts and scars the lungs of its mineworkers, which could easily be removed if De Beers employed normal dust-suppression methods. (De Beers currently holds a legal exemption in South Africa from the mandatory dust suppression method of spraying water when drilling, on the grounds that the dust in its mines is uniquely harmless.)[
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http://en.wikipedia.org/wiki/Blood_diamonds