U.N. Calls Upon Liberia To Step Up Blood-Diamond Control

Reuters reported U.N. Secretary-General Ban Ki-moon said Liberia is showing only limited commitment to efforts to stop the trade in blood diamonds that has fueled conflicts in Africa.

As quoted in the market news:

The report to the U.N. Security Council said Liberia’s capacity to control diamond mining and trade – a vital part of the global Kimberly Process agreed in 2003 to regulate the $30 billion rough-diamond industry – remained weak.

It said Liberia’s presidential taskforce on diamonds had not met in a year, while its technical committee convened in July for the first time in seven months.

Click here to read the full Reuters report.