Dark Sparkle: How Israel’s Diamond Trade Fuels Conflict and Disputes

Israel, a significant global exporter of polished diamonds, earns $13 billion annually despite lacking local mines.

Newstimehub

Newstimehub

11 Dec, 2024

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Israel, a significant global exporter of polished diamonds, earns $13 billion annually despite lacking local mines. The country imports rough diamonds from African nations, some of which are linked to conflict zones or “blood diamonds.” Critics argue that these jewels, often associated with human rights violations and violence, finance Israel’s defense budget and military operations.

Although Israel is part of the Kimberley Process to prevent the trade of conflict diamonds, it is alleged that loopholes allow unethical sourcing practices. Reports suggest that Israeli traders have exchanged weapons for diamond rights in Africa, fueling instability. International organizations have condemned these practices, highlighting their role in perpetuating violence.