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How the Cartels Ensure Diamonds Last Forever - Sreevathsa Karanam - Mises Daily
mises.org/daily/4967, posted 2011 by peter in africa business scam
The proposed solution to stem the flow of blood diamonds was the Kimberly Process Certification Scheme. The Process set forth the rules that all diamonds mined and sold must be certified as "conflict free." It set up the World Diamond Council to look after the Certification Process. The WDC consisted of the major diamond-producing companies and gave them regulatory authority through the United Nations. In other words, the WDC is nothing but a cartel in disguise.