Photographer: Andrey Rudakov/Bloomberg

Diamond Smuggling Cost Zimbabwe Economy $13 Billion, Mugabe Says

Updated on
  • State-owned company to take control of diamond deposits
  • Government earned only about $2 billion from the industry

Illicit trade in Zimbabwean diamonds cost the economy more than $13 billion, forcing the state to create a new company that’s taken control of the country’s deposits, President Robert Mugabe said.

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