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Gold/Mining/Energy : Canadian Diamond Play Cafi -- Ignore unavailable to you. Want to Upgrade?

To: Famularo who wrote (119)	8/26/2002 4:11:05 PM
From: Famularo	Read Replies (1) \| Respond to of 16203

=========================================================================== Re: Media Log - Monday, August 26, 2002 Diamond related Excerpt from 2002 Annual Report on Organized Crime in Canada by the Criminal Intelligence Service Canada Publisher: Criminal Intelligence Service Canada =========================================================================== The CBC on August 23 published a sensationalistic headline "Canadian diamonds could lure terrorists, says report" (http://cbc.ca/stories/2002/08/23/crimereport020823) as part of a brief article claiming that the CISC is worried about diamonds attracting terrorists to Canada. This is a stupid and erroneous interpretation of the report. In its 2002 Annual Report on Organized Crime in Canada released the week ending August 24, 2002, Criminal Intelligence Service Canada (CISC) raises concerns that criminals may try to infiltrate Canadian diamond production pipelines and merge "illicit" dia monds from conflict regions so as to pass these diamonds off as clean Canadian diamonds. CISC is concerned that Canadian diamonds will be targets of theft. CISC is also worried that Canada's growing role as a major diamond supplier will turn Canada into a transit point into the US market for smuggled and synthetic diamonds (moissanite) misrepresented as Canadian mined diamonds. A Canadian response to this threat to the public image of Canadian diamonds could be the development of a domestic cutting and polishing industry, which the CISC worries could serve as a entry point for organized crime. The possibility that Al Qaeda terrorist networks are using diamonds to launder and move cash is incidental to the real problem, which is the general threat to the image of diamonds as an ethically neutral luxury good, and the threat to Canada's opportunity to mine and market its diamonds in a manner that shields Canadian diamonds from the sullied image being created by conflict diamonds, terrorist laundering and synthetic diamonds. The portion of the CISC report that deals with diamonds is excerpted within the following Media Log link at DiamondPlay.com: diamondplay.com John Kaiser =========================================================================== Copyright (c) 2002 CANADIAN DIAMONDPLAY.COM () All rights reserved. For more information visit our website at