The ruthless game of mining diamonds

The ruthless game of mining diamonds



Diamond prospector filters earth, Koidu mine, Sierra Leone, Beny Steinmetz mining operation, courtesy AFPI’m not even going to pretend to understand all the chaos that seems to surround the Koidu mine in Sierra Leone, Africa right now. But I’m certain that the events would make the famous television drama Dallas seem like a walk in the park if it were turned into a T.V. Novella. The story has an all-star cast that consists of billionaire Beny Steinmetz, actor Jeffrey Wright of the Hunger Games, a host of high ranking government officials, and the likes of Tiffany & Co., all twisting in the wind and allegedly trying to stab each other in the backs, to retain, gain, and entertain profits from ownership in the Koidu diamond mine, where the famous 969.8 carat Star of Sierra Leone, was unearthed in 1972.

1972? Uh, what have you done for me lately? If their primary customer is Tiffany & Co., not much because I’m a Crafted by Infinity type of girl. But the mining operation is one of the largest in the region, and that makes it interesting because it is a major producer of diamonds, which is caught up in a scandal of epic proportions. We’re talking bribery, extortion, pay-off’s, backstabbing, and backroom deals that make Watergate look like a reflection pond.

This really isn’t the part of the business that I enjoy. Forget these bazillion-aires, the treatment of diggers has a sketchy history. Thankfully Wink Jones and the team at High Performance Diamonds has one of the most detailed and powerful positions against Conflict Diamonds and such first-order world problems I know of.

For those who want to see the drama, you can read the full article in Bloomberg Business, while I resume watching my regularly scheduled soap operas !!! NOT !!!

Photo Credit: Issouf Sanogo/AFP via Getty Images

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