Diamond Smuggling Black Market Value: $0.28 Billion ($280 Million)
Data on the black market in Diamond Smuggling
Illicit Diamonds in Sierra Leone
The Kimberly Process reported that “blood diamonds” makes up 15 to 20 percent of the diamond market in Sierra Leone.
- No Comments »
- Tags: Diamond and Miniral Smuggling, Sierre Leone Black Market | August 6th, 2010
Illicit trafficking of diamonds in 2010
In 2010, an estimated 1 percent of the global diamond market is estimated to have been illicitly traded.
- No Comments »
- Tags: Diamond and Miniral Smuggling | July 9th, 2010
Value of gold smuggled out of the DRC in 2009
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.
- No Comments »
- Tags: Diamond and Miniral Smuggling | June 21st, 2010
Illegal miners in Kenya trade gems for dollars on black market
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.
- No Comments »
- Tags: Diamond and Miniral Smuggling, Kenya Black Market | August 17th, 2009
10,000 people in Zimbabwe to illegally traffic diamonds
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.
- No Comments »
- Tags: Diamond and Miniral Smuggling, Zimbabwe Black Market | September 1st, 2008
Diamond Smuggling Market Value: $280 Million
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.
- No Comments »
- Tags: Diamond and Miniral Smuggling | May 10th, 2008
$23 million of diamonds smuggled out of Ivory Coast each year
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).
- No Comments »
- Tags: Diamond and Miniral Smuggling, Ivory Coast Black Market | April 26th, 2008
20 percent of Sierra Leone’s diamonds were being smuggled out of the country in 2005
Source: Tristan McConnell, “Fighting diamond smuggling in Africa,” Christian Science Monitor, July 30, 2007,(accessed: July 31, 2007).
- No Comments »
- Tags: Diamond and Miniral Smuggling, Sierre Leone Black Market | April 26th, 2008
99.8 percent of world’s diamonds are being certified as legitimate
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).
- No Comments »
- Tags: Diamond and Miniral Smuggling | April 26th, 2008
Venezuele has officially exported 0 diamonds
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).
- No Comments »
- Tags: Diamond and Miniral Smuggling, Venezuela Black Market | April 26th, 2008


