In 1997, the United Nations (UN) placed Angola under sanctions forbidding countries from buying diamonds from them. This was the first resolution of the UN which specifically mentioned diamonds in the context of funding the war. Reports estimated that as much as 20% of total production in the 1990s were being sold for illegal purposes, and 15% were specifically conflict in nature. By 1999, the illegal diamond trade was estimated by the World Diamond Council to have been reduced to 3.06% of the world's diamond production. The World Diamond Council reported that by 2004 this percentage had fallen to approximately 1%.
Wednesday, January 21, 2009
Angola
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