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What Is A Blood Diamond Or Conflict Diamond?
By Kevin Chang
Also known as conflict diamonds, A blood diamond is a diamond that was mined in a war zone that is sold most of the time to benefit war-torn areas especially in Central and Western Africa. United Nations defines a blood diamond as "...diamonds that originate from areas controlled by forces or factions opposed to legitimate and internationally recognized governments, and are used to fund military action in opposition to those governments, or in contravention of the decisions of the Security Council.”
Blood diamonds are mined on war sites, where many men where killed by disease and plagues. Many people are trying to stop the sale of blood diamonds all across the world. Blood Diamond sales became big in the 1990's with the conflict of Sierra Leone. During this time frame in the 1990's the blood diamond sales made up an estimated 4% of all diamond sales around the world. Today due to sales being banned in some areas, and the Kimberley Process, these diamonds take up around
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an estimated 1% of the worlds diamond sales. This majority of this small percentage is made up of sales in the Republic of Congo who was suspended from the Kimberley Process, and Liberia and the Ivory coast who are under the United Nations Security Council Resolutions in hopes to stop the extraction and trading of these diamonds. During July of 2000, the global diamond industry made their disposition of blood diamonds blatantly known all over the world. Highly concerned with abolishing the problem, they began to work very closely with the United Nations and other organizations in efforts stop the extraction and trading of blood diamonds. In 2003 in order to get closer to stopping sales and extraction of the diamonds, the Kimberley Process Certification was created. This system protects against blood diamonds entering the sanctioned diamond supply chain. Article Directory: http://www.articlecube.com To learn more about Blood Diamonds, visit The Diamond Blog
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The New Bankruptcy Law -- How Will It Affect Debt Negotiation?
By Charles Phelan, Fri Dec 9th
In April 2005, Congress made sweeping changes in U.S. bankruptcylaw that will go into effect on October 17, 2005. It's calledthe "Bankruptcy Abuse Prevention and Consumer Protection Act of2005," Read more...
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Mediation and its Benefits
By Trelian Gada
Mediation is an alternative to litigation when disputes arise. Mediation is also known as arbitration. Mediation does not offer any guaranteed or specific results. Mediation is only a means of coming Read more...
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The Difference Between Debt Consolidation And Debt Negotiation
By Gibran Selman
Debt consolidation is a plan to get you out of your debt through combining all your debts into a single larger debt, and paying to a single creditor through a single check each month. Debt Read more...
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Handling Problematic Physicians
By Marshall Colt, Ph.D.
Medical group managers must frequently deal with problematic physicians and the resulting negative organizational dynamics. It costs physician practice management valuable time, energy and money. One Read more...
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Xcel seeks max for renewable energy
Xcel Energy Inc. asked state regulators Monday to raise the amount of money it collects from customers to pay for renewable energy to the full 2 percent of the monthly bill allowed by state law. (XEL)
Dow climbs 270 points
The major Wall Street indices all closed up more than 3 percent Tuesday.
Ritter offers ideas for economic recovery
Money for roads and bridge projects, new natural gas pipelines and power transmission lines in Colorado would be the best investment to stimulate the state’s economy and create thousands of new jobs, Gov. Bill Ritter said Tuesday.
SEC names Hoerl regional director
Donald Hoerl will remain regional director of the Denver office of the Securities and Exchange Commission, but lose the “acting” part of his title.
Startups: 10 percent of state businesses
Startups accounted for nearly 10 percent of companies in Colorado in 2005, according to a first-ever look at business dynamics by the U.S. Census Bureau.
Anschutz-owned D.C. paper to close plant
The Washington Examiner, a free newspaper in the nation’s capital owned by Philip Anschutz’s Clarity Media Group, is closing its printing plant and will reduce staff by 101.
State in middle for fast Internet service
Coloradans are stuck squarely in the middle for speedy Internet service, according to an article published Tuesday on PCMag.com.
Local outlook good for IT, financial workers
Demand is expected to be strong in the first quarter for both IT and financial workers in Denver, according to separate survey results released Tuesday by Robert Half International.
Eleven named to Ritter’s small biz panel
Colorado Gov. Bill Ritter has appointed 11 new members to his advisory council on small business.
ProLogis closes $105.8M refinancing
ProLogis Inc. of Denver has closed on a $105.8 million refinancing of debt with a syndicate of four banks, the company said Monday. (PLD)
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