Is Your Diamond Ring Contaminated with Blood? Israel’s Multibillion Diamond Re-Export Business

In-depth Report:
Diamond ring by Koshy Koshy (CC BY 2.0)

The last thing anyone wants when they buy a diamond to wear with pride and confidence as a symbol of love and commitment, is for it to be tarnished by association with bloodshed and violence.

According to Shmuel Mordechai, the Diamond Controller at Israel’s Ministry of Economics, the United States continued to be the primary market for Israeli re-exported diamonds at US$2.37 billion which accounting for 38% of the market whilst the  United Kingdom accounted for 3.7% at US$234 million, in 2014. Belgium accounted for 8.5% or US$532 million and Switzerland 6.47% at US$405 million.

‘The imperative for all businesses to respect human rights and ensure their business relationships are not contributing to adverse human rights impacts is a well-established tenet affirmed in the UN Guiding Principles on Business and Human Rights, the UN Global Compact, and the OECD Guidelines for Multinational Enterprises. The fact that the diamond industry, which accounts for one third of Israel ’s manufacturing exports, is a very significant source of revenue for the regime in Israel means jewellers that sell diamonds processed in Israel help fund the commission of war crimes and suspected crimes against humanity.’

In evidence to the London Session of the Russell Tribunal on Palestine Israeli political economist, Shir Hever, stated:

‘Every time somebody buys a diamond that was exported from Israel some of that money ends up in the Israeli military. So the financial connection is quite clear.’



Comment on Global Research Articles on our Facebook page

Become a Member of Global Research

Articles by: Anthony Bellchambers

Disclaimer: The contents of this article are of sole responsibility of the author(s). The Centre for Research on Globalization will not be responsible for any inaccurate or incorrect statement in this article. The Centre of Research on Globalization grants permission to cross-post Global Research articles on community internet sites as long the source and copyright are acknowledged together with a hyperlink to the original Global Research article. For publication of Global Research articles in print or other forms including commercial internet sites, contact: [email protected] contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of "fair use" in an effort to advance a better understanding of political, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than "fair use" you must request permission from the copyright owner.

For media inquiries: [email protected]