Saturday, January 12, 2013

Zimbabwe Government Stealing Diamond Funds: Report | Essentials

Zimbabwe Government Stealing Diamond Funds: Report

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Ladies Diamond stud earrings by Jewels Globe
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Excerpt:

At least $2 billion worth of diamonds have been stolen from Zimbabwe's eastern diamond fields and have enriched President Robert Mugabe's ruling circle, international gem dealers and criminals, according to an organization 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, charged Partnership Africa Canada, a member of the Kimberley Process, the world regulatory body on 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, battered by years of meltdown and political turmoil, 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 Mugabe's cronies.

People:

Robert Mugabe

Overall Sentiment: 0.480907

Relevance: 0.543183

Kimberley diamonds

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Cecil Rhodes

Overall Sentiment: -0.357561

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Disambiguation: Politician | CompanyFounder | OfficeHolderReferences:

Filip van Loere

Overall Sentiment: 0.0235374

Relevance: 0.218603

Additional Info:

Organization: Zimbabwe treasury

Overall Sentiment: -0.269328

Relevance: 0.462692

Organization: Mugabe government

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Relevance: 0.435063

Organization: Zimbabwe government

Overall Sentiment: 0.019151

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Company: Kimberley Process

Overall Sentiment: 0.0563437

Relevance: 0.420959

Country: Zimbabwe

Overall Sentiment: -0.114654

Relevance: 0.847592

Disambiguation: Location | PoliticalDistrict | AdministrativeDivision | GovernmentalJurisdictionReferences:
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