Thursday, June 24, 2004

Politically Correct Gemstones

(Antwerp, Belgium) An agreement has been signed to add a new "ethical" label for diamonds to indicate they originated from a conflict-free source. So, in addition to carat, color, clarity and cut, there will now be a fifth "C" to designate conflict-free quality.

Although I'm not a student of gemology, this appears to be nothing more than a symbolic move to satisfy the politically correct advocacy. Not coincidentally I imagine, it will probably allow DeBeers to further tighten their stranglehold on the diamond industry.

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