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Thu Jan 29 06:21:58 SAST 2015

Mugabe's regime plundering diamond funds: watchdog

Sapa | 12 November, 2012 12:51
Robert Mugabe
Image by: Business Times

A diamond trade watchdog charges that $2 billion worth of diamonds have been stolen from Zimbabwe's eastern diamond fields.

The watchdog claims these diamonds have been used to enrich President Robert Mugabe's ruling circle and international gem dealers.

Partnership Africa Canada - a member of the Kimberley Process, the world regulatory body on the diamond trade - issued a report Monday 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 Monday to coincide with the Zimbabwe government's conference on the diamond trade here in Victoria Falls, casts a shadow over the Mugabe regime's effort to win international respectability for its gem trade.

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