02.04.06
U.N. bans Ivory Coast diamond exports
UN bans diamond exports from the Ivory Coast. Dealers can expect a rise in the price of wholesale diamonds. Read direct from the article:
The U.N. Security Council voted unanimously on Thursday for a ban on diamond exports from the Ivory Coast to stop rebels in the war-divided nation from using gems to purchase arms.In a resolution linking illegal trading of Ivory Coast diamonds with the proliferation and trafficking of guns in the West African nation, the resolution also renewed sanctions against individuals interfering in the peace process.”All states shall take the necessary measures to prevent the import of all rough diamonds from Ivory Coast to their territory,” the resolution said.Regional governments should report within 90 days on steps taken to stop the importation of Ivory Coast diamonds, it added.The resolution also renewed the threat of targeted sanctions, including a freeze in assets and travel ban, against any individual interfering with the peace process. The sanctions threat would have expired on Thursday
Once again conflict diamonds have made the headline. When is it going to stop? Read the full article here.
Diamond Jewelry and Gifts
Originally Posted on 2/3/2006 4:15:08 PM
Content source: http://diamond-experts.blogspot.com/2005/12/un-bans-ivory-coast-diamond-exports.html