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Angola 'Blood Diamond' Resurfaces

Wall Street Journal    
First Posted: 06/19/10 12:15 PM ET Updated: 05/25/11 05:50 PM ET

Wall Street Journal:

CAFUNFO, Angola--On paper, Angola is a poster child for the global effort to keep "blood diamonds" out of the world's jewelry stores.

International pressure helped end a vicious civil war a decade ago by strangling the ability of rebels to trade diamonds for weapons. Angola is now a leading member of the so-called Kimberley Process, an industry-wide effort to prevent commerce in rough diamonds by insurgent groups. Today, Angola is the world's fifth-largest diamond producer by value, and its gems are coveted for their size and purity.

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Filed by Hunter Stuart  |  Report Corrections