Diamond industry still funding Angolan civil war - What is it good for?
Author: Global Witness, Published on: 18 October 2001
The latest and possibly most damning report to date by the United Nations Monitoring Mechanism of Sanctions against Unita has reported that it is business as usual in the diamond trading capitals of the world when it comes to the trade in conflict and illicit diamonds. The report states that sixteen companies based in Belgium, Israel and South Africa and traders from Cyprus, DRC, Tanzania and Zambia are still involved in the trade of conflict and illicit diamonds from Unita and Angola - worth an estimated $420 million dollars or five percent of the world's rough diamond trade. If the evidence that is presented to the United Nations is genuine then these companies must be publicly named, banned from the diamond industry for ever and prosecuted by the relevant authorities.