Preventing the export of conflict diamonds in the Democratic Republic o

Preventing the export of conflict diamonds in the Democratic Republic of the congou The Democratic Republic of congo (DRC) has large reserves of cobalt, gold, gems, copper, timber, and uranium. However, the most valuable resource that the DRC possess is its large reserve of diamonds. Diamonds essentially serve as a pillar to the DRCs struggling economy. Plagued by civil unrest, the DRC is urgently trying to energise its economy. Their efforts have been met with stiff resistance due to the on-going civil war and illegal diamond trade. Not only is the DRC losing potence revenue from the illegal mining of diamonds, but also these diamonds are beingness used to finance the rebel armies. In response, the U.N. has drafted several resolutions and imposed sanctions in order to try and curtail the illegal trade. The DRC has also agreed to stick the Kimberley Process in hopes of preventing the export of illegal diamonds. However, these efforts are not bountiful to stop the traff icking of diamonds. Several steps must be taken to corroborate the Kimberley Process and change government policies within the DRC in order to stabilize the economy and end the civil war.History of conflict in the congouThe DRCs current unstable government can be attributed in the first place to its turbulent history. Since the late 1800s the Congo region has experienced comparatively few periods of peace and economic stability. Colonization severely hindered the future maturation of the Congo region. In the late 1870s, King Leopold II of Belgium colonized the Congo territory. Treaties were signed with several tribal rulers in the territory, giving the King Leopold sovereignty in their areas. In 1885, the territory formally became the Congo Free State, he... ...r 22, 2002.Dietrich, Christian. effortful currency the criminalized diamond economy of the Democratic Republic of the Congo and its neighbours. capital of Canada Partnership Africa Canada, c2002.Muller, Emma. Diamonds Smuggling Through Congo Republic Makes Mockery of Kimberley Process. Polishedprices.com, July 10, 2003.Tamm, Ingrid J. Diamonds in peace and war severing the conflict-diamond connection. Cambridge, Mass World Peace Foundation, 2002.U.N. document. give notice (of) of the Panel of Experts on the Illegal Exploitations of Natural Resources and Other Forms of Wealth in the Democratic Republic of Congo. www.globalpolicy.orgWilliam Wallis. Comment and Analysis Kimberley Process Africas conflict diamonds is the UN-backed affirmation scheme failing to bring transparency to the trade?Financial multiplication October 29, 2003.www.kimberleyprocess.com