Why is it called the Kimberley Process?

Why is it called the Kimberley Process?

The Kimberley Process is named for Kimberley, Northern Cape province, South Africa, where representatives of southern African diamond-producing countries met in 2000 to address the threat posed to the worldwide diamond industry by gems that were being mined and smuggled into legitimate channels in order to finance …

Are blood diamonds illegal?

Diamonds that are not conflict-free are known as blood diamonds, which means they are illegally sold in order to finance devastating wars and terrorism.

Do blood diamonds still exist 2020?

It’s been almost two decades now since governments came together to end the trade in “blood diamonds” that were fuelling several brutal wars in Africa. The trade in diamonds still gives rise to serious human rights violations. Take what’s happening right now in the Marange diamond fields, eastern Zimbabwe….

How do you not buy blood diamonds?

Many diamonds are mined in areas with deplorable working conditions and violence. You can avoid these “conflict diamonds” by looking for a stone with a Kimberley Process Certification Scheme (KPCS) certification.

Why the diamond industry is bad?

The diamond mining industry is destroying our environment. A lot of diamond mining is unregulated and therefore there is no control over its impact on the environment. If that wasn’t bad enough, they are also releasing extensive amounts of carbon emissions into the air from diamond exploration and mining.

Where is the cheapest diamond?

So, what is the cheapest country to buy diamonds? India is the cheapest followed up by China, Dubai, Thailand, and Belgium. They are the cheapest because most of the world’s diamonds are cut there.

How much is a 1 carat diamond worth?

Price of 1 Carat Diamonds The price of a 1 carat diamond is between $1,300 and $16,500, depending on factors such as the diamond’s cut quality, clarity, color and shape….

How can I sell my diamond for best price?

Also consider giving your jewelry to a consignment shop or dealer to sell for you. You might fetch a better price than selling to an industry insider because the diamond will be sold to the public, but the dealer will take a 25-40% commission….

Can diamond be resold?

The resale value of diamond indeed depends on several factors and does not simply fluctuate like gold rate. Typically, you should expect to resell your diamond at 25% to 50% lower than the price you bought it.

Which Diamond is best?

Best diamond color based on GIA standards According to that GIA standard, the “best” diamond color is D. (Read more about D color diamonds here.) D color diamonds are the equivalent of IF or FL grade diamonds on the clarity scale — they’re very rare, and their price definitely reflects that.

What’s the most expensive gem?

Top 15 Most Expensive Gemstones In The World

1. Blue Diamond – $3.93 million per carat. Blue diamond.
2. Jadeite – $3 million per carat. Jadeite.
3. Pink Diamond – $1.19 million per carat.
4. Red Diamond – $1,000,000 per carat.
5. Emerald – $305,000 per carat.
6. Taaffeite – $35,000 per carat.
7. Grandidierite – $20,000 per carat.
8. Serendibite – $18,000 per carat.

What stone is more valuable than a diamond?

emeralds

Is Ruby more expensive than diamond?

Large, gem-quality rubies can be more valuable than comparably sized diamonds and are certainly rarer. In fact, smaller blue sapphires (1-3 cts) are relatively abundant compared to small, gem-quality rubies. The vast majority of rubies are “native cut” in their country of origin.

What are the 9 precious stones?

Navratna stone, the name itself describes it. Navratna gemstone is a combination of nine precious gemstones. The nine stones are representative of the planets, the sun, and the moon. These gemstones comprise of Diamond, Ruby, Emerald, Yellow Sapphire, Garnet, Blue Sapphire, Pearl, Cat’s eye and Coral….

Which gemstone is most powerful?

Diamond

Which gemstone should not wear together?

They should not be combined. For example, emerald and ruby; yellow sapphire and diamond; and pearl and blue sapphire should never go together. To find out if the gemstone has any defect, seek the services of a trained person or a gemologist….