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    US$1 billion Marange diamonds looted

    Investing News Network
    Dec. 10, 2010 10:06AM PST
    Gem Investing

    The Zimbabwean.com reports that the Zimbabwean army has been digging illegally for diamonds at the Marange fields.

    The Zimbabwean.com reports that the Zimbabwean army has been digging illegally for diamonds at the Marange fields.

    The story is quoted as saying:

    While the true extent of theft of diamonds from Marange and the identities of all involved in the looting will probably never be known in the absence of an independent commission of inquiry, however, extensive investigations by ZimOnline have shown the military at the center of a well-orchestrated scheme to siphon gems from the controversial fields (also known as Chiadzwa) for delivery on the international black market for precious stones.

    To access the full story, click here.

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