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The Business of… Diamonds

Everyone knows they’re a girl’s best friend, but did you know they’re in reality worth much, much less than you pay for them? Kipp gets a sparkle in its eye…

August 10, 2010 4:23 by

In the news

Diamonds are the center of the current war crimes trial of Charles Taylor, Liberia’s former President. Under indictment in The Hague, Taylor stands accused for war crimes committed during Sierra Leone’s brutal civil war that raged from 1996 to 2002.

Prosecutors contend that Taylor accepted illegally mined diamonds from Sierra Leone insurgents in exchange for weapons “used in a campaign of terror which killed 120,000 people and included child enslavement and mutilation atrocities,” the Telegraph reported Monday.

Central to testimony in Taylor’s trial, is the origin of the so-called “blood diamonds,” alleged to have been given to British supermodel Naomi Campbell.

“An ‘excited’ Naomi Campbell told companions after a dinner in South Africa that she had been given a gift of diamonds by warlord Charles Taylor, [American actress] Mia Farrow has said, disputing the supermodel’s claim under oath that she did not know the origin of the gems,” according to the Telegraph.


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