The General Assembly,
Appalled that throughout many nations rough diamonds are used to finance military activities, including attempts to overthrow legitimate governments,
Remembering that the proceeds generated through the sale and processing of conflict diamonds often facilitates the procurement of arms and ultimately leads to deaths and maiming,
Realising that the vast majority of rough diamonds are produced legitimately, and the trade thereof contributes substantially to many economies,
Emphasising that measures taken to prohibit the sale, transfer, and processing of conflict diamonds should not unduly hinder the diamond industry,
Defines "conflict diamond" as a rough or processed diamond which has originated or been processed by a party to which the proceeds from the diamond are intended to be used in order to further conflict or human rights abuses,
Establishes the World Assembly Diamond Certification Scheme (WACDS) which shall have the authority to determine whether diamonds are conflict diamonds,
Mandates that all diamonds placed for sale after the passage of this Act shall be certified by the WACDS, and diamonds that do not meet the standards set forth by the WACDS shall be forbidden from further transfer,
Prohibits nations of the World Assembly from allowing; trading in, receiving, processing, or in any other way interacting with conflict diamonds,
Expresses hope that by cutting off a vital source of income for parties which perpetuate conflict and human rights abuses, that the population at large will enjoy a greater security of life and liberty.




