De Beers diamond management called all diamond traders throughout the world to back-up Africa's efforts to cut and polish its own gemstones. The South African miners controls 40% of the world's diamond trade, which is said needed to stabilize the diamond business by creating jobs to African people. New centers are emerging to take over from countries where ‘blood diamonds” have been outlawed.Africa's natural resources enriched traders across the world and De Beers wants them to help train the infant industry, that are mostly based in South Africa and Botswana. Along with Sierra Leone and Liberia, the oil-rich Angola is recovering from years of conflict that saw diamond wealth fuel the fighting, which eventually leading to international efforts to legally ban the sale of gemstones from those countries.
About the De Beers Company
"De Beers Company, founded in South Africa in 1888 and as of today comprises the rough diamond exploration, mining and trading companies. The various companies within the De Beers “family of companies” are responsible for around 40% of world diamond production by value. De Beers is active in every category of diamond mining: open-pit, underground, large-scale alluvial, coastal and deep sea. De Beers is not involved in informal small-scale diamond mining, which is rarely economical for large mining companies."
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