Ivory Coast Set To Lobby Against Diamond Ban

Reuters reported Ivory Coast will lobby the U.N. to lift the current ban against the export of diamonds from its country this week.

As quoted in the market news:

The U.N. Security Council slapped an embargo on the West African nation’s diamonds in 2005 to prevent their sale from funding arms purchases and fuelling the conflict, which began in 2002.

Ivory Coast is the last remaining source of so-called blood diamonds and the only country under a U.N. export ban of such gems.

Click here to read the full Reuters report.