independent

Saturday 19 April 2014

€1.6bn gems plundered in Zimbabwe

Zimbabwe's Marange fields have seen "the biggest plunder of diamonds since Cecil Rhodes."

AT LEAST €1.6bn worth of diamonds have been stolen from Zimbabwe's eastern diamond fields and enriched President Robert Mugabe's ruling circle, international gem dealers and criminals, claims an organisation leading the campaign against conflict diamonds.

Zimbabwe's Marange fields have seen "the biggest plunder of diamonds since Cecil Rhodes," the colonial magnate who exploited South Africa's Kimberley diamonds a century ago, said Partnership Africa Canada, a member of the Kimberley Process, the world regulatory body for the diamond trade.

Zimbabwe's eastern Marange field – one of the world's biggest diamond deposits – has been mined since 2006 and its vast earnings could have turned around Zimbabwe's economy, the group said. But funds from the diamond sales have not showed up in the state treasury. Instead there is evidence that millions have gone to Mr Mugabe's cronies.

Irish Independent

Also in this Section

Classifieds

CarsIreland

Independent Shopping.ie

Meet, chat and connect with
singles in your area

Independent Shopping.ie

Meet Singles Now

Findajob

Apps

Now available on

Independent.ie on Twitter

More

Most Read

Independent Gallery

Your photos

Send us your weather photos promo

Celebrity News