Diamond Smuggling Black Market Value: $0.28 Billion ($280 Million)





Data on the black market in Diamond Smuggling


Illicit Diamonds in Sierra Leone

Filed under: Africa, Environmental

The Kimberly Process reported that  “blood diamonds” makes up 15 to 20 percent of the diamond market in Sierra Leone.

Source:  “Blood diamonds,” Irish Times, August 6, 2010.

Illicit trafficking of diamonds in 2010

Filed under: Environmental

In 2010, an estimated 1 percent of the global diamond market is estimated to have been illicitly traded.

Source:  Amelia Hill, “Blood diamonds from Zimbabwe to flood international market, watchdog warns,” Guardian, July 8, 2010.

Value of gold smuggled out of the DRC in 2009

Filed under: Africa, Environmental

40 tons of gold worth $1.24 Billion was smuggled out of the Democratic Republic of Congo in 2009.

Source:  UNODC, “The Globalization of Crime,” Chapter 11: Regions Under Stress, June 2010.

Illegal miners in Kenya trade gems for dollars on black market

Filed under: Africa, Environmental

Illegal miners in Kenya are living in poverty and are selling gems on the black market in order to eat, reports the BBC.  According to the report, the miners are selling stolen gems dug up from mines to black market traders for $2.  The gems then go on to the world markets where they are sold for up to $1,000.

Source:  Kenneth Mungai, “Deadly game of Kenya’s gem trade,” BBC News, August 14, 2009.

10,000 people in Zimbabwe to illegally traffic diamonds

Filed under: Africa, Environmental

In 2008, the Governor of Zimbabwe’s Reserve Bank told a conference that 10,000 people were entering Zimbabwe each month to traffic in illegal diamonds.

Source:  “Billions Lost Through Diamond Smuggling,” Herald, August 29, 2008.

Diamond Smuggling Market Value: $280 Million

Filed under: Environmental

The ” blood diamond” market, or diamonds smuggled and trafficked for illicit products,  is estimated  to  amount  up to 4 percent of the $7 billion global diamond market, or $280 Million.

Source: Douglas Farah, Blood From Stones (New York: Broadway Books, 2004), pg. 4.

$23 million of diamonds smuggled out of Ivory Coast each year

Filed under: Africa, Environmental

Source: Partnership Africa Canada, “Killing Kimberley? Conflict Diamonds and Paper Tigers”, The Diamonds and Human Security Project, Revised Edition, November 2006,pg.5,(accessed: November 13, 2006).

20 percent of Sierra Leone’s diamonds were being smuggled out of the country in 2005

Filed under: Africa, Environmental

Source:  Tristan McConnell, “Fighting diamond smuggling in Africa,” Christian Science Monitor, July 30, 2007,(accessed: July 31, 2007).

99.8 percent of world’s diamonds are being certified as legitimate

Filed under: Environmental

Officials from Botswana, the world’s biggest producer of high-quality minerals, reported to participants of the Kimberley Process that 99.8 percent of the world’s diamonds are being certified as legitimate.

Source: Moabi Phia, “Watchdog urged to crack down on Cote d’Ivoire,” Mail & Guardian Online, November 6, 2006,(accessed: November 13, 2006).

Venezuele has officially exported 0 diamonds

Filed under: Americas, Environmental

Although Venezuela is estimated to produce 150,000 carets of diamonds annually, it has officially exported none since 2005.

Source: Partnership Africa Canada, “The Lost World: Diamond Mining and Smuggling in Venezuela,” November 2006, pg. 1,(accessed: October 9, 2007).

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