The horrific civil war that raged in Sierra Leone for 11 years from 1991 to 2002 and left over 50,000 dead and thousands with mutilated limbs, war wounds and emotional scars that could never be fully healed, triggered the birth of the Kimberley Process.
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The upcoming Plenary Session of the Kimberley Process has been preceded by an acrimonious debate on the issue of transfer pricing and the walk-out of the Civil Society Coalition (CSC). There is now a deadlock over the issue and everybody is now looking at the issue of rough diamond valuation and whether or not the exchequers of alluvial-diamond-producing countries get their due in diamond revenues.
If you had to guess, what would you think the purchasing trend for lab-grown diamonds by US consumers would be? Are they consciously buying an alternative item, or are the goods so small that the purchase is about the jewellery item, and not as much about what is set in it?