Integrated Diamond Management

"...The basic tenet of Integrated Diamond Management is that the incentive structure must be changed if we are to ever hope to curb diamond smuggling that can support conflict and money laundering. The “stick” of external regulation and enforcement in the artisanal diamond sector in countries with severely limited government resources, such as Sierra Leone, simply cannot succeed without strong community and investor commitment to responsible diamond management. Conversely, by empowering locals to control many of the key diamond management decisions, and by dramatically increasing the economic benefits that accrue to local communities from “clean” mining and marketing, we create the incentives necessary to stem the flow of smuggled diamond value..."