How did conflict diamonds effect the diamond market around the world?

Conflict diamonds are diamonds generally found on the ground or rivers. The problem is that in areas of rebellion or high crime, the bad guys used the money from selling these raw stones to finance their crimes or rebellions.

There are estimates indicating that conflict or blood diamonds were never more than 5% of the diamonds in the world. Now they are less than 1%. Why? The Kimberly Process.

You can read more about the Kimberly Process, below.