Gem

Diamond Looting Continues In Zimbabwe

Gem Investing

AllAfrica.com recent diamond figures released by the government have provided further proof that Zimbabwe’s gems are being looted, experts have claimed.

AllAfrica.com recent diamond figures released by the government have provided further proof that Zimbabwe’s gems are being looted, experts have claimed.

As quoted in the market news:

According to figures tabled in Parliament recently by the Mines and Mining Development Deputy Minister Gift Chimanikire, the country sold three million carats of diamonds in the first three months of the year, with Treasury receiving US$30 million.

But Movement for Democratic Change (MDC-T) Highfield East lawmaker Pearson Mungofa, who is a diamond cutter, said the figures do not add up and point to looting of the revenues.

Click here to read the full AllAfrica.com report.

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