Zim govt ‘stole’ $2bn worth of diamonds

2012-11-12 11:18

A leading diamond trade watchdog charges that $2 billion worth of diamonds have been stolen from Zimbabwe’s eastern diamond fields and have enriched President Robert Mugabe’s ruling circle and international gem dealers.

Partnership Africa Canada (PAC) – a member of the Kimberley Process, the world regulatory body on the diamond trade – issued a report today that alleges Zimbabwe’s Marange fields have been plundered by the Mugabe regime.

The report said vast earnings from Zimbabwe’s eastern Marange fields – one of the world’s biggest diamond deposits – have not reached the state treasury.

The PAC report, released today to coincide with the Zimbabwe government’s conference on the diamond trade in Victoria Falls, casts a shadow over the Mugabe regime’s effort to win international respectability for its gem trade.


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