Colombia’s ’emerald czar’ Victor Carranza dies

Emerald czar Victor Carranza died on Thursday in Bogota from complications resulting from cancer; his death has created a power vacuum in the highly profitable emerald industry.

Carranza died at age 78 due to complications derived from lung and prostate cancer, according to Catholic Bishop Hector Gutierrez. Gutierrez had reportedly been attending the so-called emerald czar in his final days. Given his massive share of the industry, Carranza’s death may result in violent disputes over emerald mining territory.

Carranza was believed to control half of all emerald mining in Colombia, which accounts for 60% of the world’s emerald trade. He warned that his death could result in a violent power struggle for control of the multi-million dollar trade.

In the early 1990s Carranza brokered a peace deal with the help of the Catholic chruch to end Colombia’s “Green war” which had left thousands dead since its inception in the 1960s. He has dominated the industry since.

In an Al Jazeera documentary, Carranza said, “The peace we signed 23 years ago is cracking. It’s damaged. People don’t treat it with the respect we gave it when we reached those compromises and that is a very grave and delicate thing. And I don’t like it.”

MORE: Colombian emerald magnates ask govt to help avert bloodshed

Carranza has been linked to the right-wing paramilitary group AUC

MORE: ‘El Aleman’: Emerald czar backed paramilitaries

Other former paramilitary have also accused Carranza of financing their operations, including Daniel Rendon Herrera, alias “Don Mario,” Elkin Casarrubia, alias “El Cura,” Dumar Guerrero, alias “Carecuchillo,” and Manuel Piraban, alias “Jorge Pirata.”

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