Posted in | News | Diamond

Zimbabwe Looks to Offload $200 Million Worth of Blood Diamonds

Zimbabwean blood diamonds continue to hit the headlines as it has come to light via a leaked memo that a government subsidiary company is offering to sell $200 million worth of the controversial diamonds to an unknown buyer.

Human rights groups are asking banks across the world to sever ties with financial institutions in Zimbabwe as they may be helping the trading of these blood diamonds. Human Rights Watch and Partnership Africa Canada want to stop the facilitation of illegal diamond sales from the Marange alluvial field located in the east of Zimbabwe.

There are allegations that the miners are mistreated at the government run mine in Marange along with continuous abuse of human rights. The Kimberly process approval for the diamonds from the mine has not been forthcoming for this reason. This makes it difficult for Zimbabwe to sell the controversial diamonds legally.

Tiseke Kasambala, senior Africa researcher at Human Rights Watch said that shooting defenseless miners and unleashing dogs against them was inhuman, degrading and barbaric .The diamonds from the Marange fields were tainted with abuse.

The memo which was leaked came from the Minerals Marketing Corporation of Zimbabwe, which is a state run agency. It offered to sell more than $200 million worth of Marange diamonds in March 2011 accepting payment through three Zimbabwean Banks.

Partnership Africa Canada Research Director Alan Martin said that this showed that Zimbabwe was wilfully in breach of the ban on Marange diamonds. He added that foreign banks with ties to these three Zimbabwean Banks, namely Commercial Bank of Zimbabwe, BancABC and Premier Banking Corporation, were exposing themselves to reputational harm.

Joel Scanlon

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Scanlon, Joel. (2019, February 18). Zimbabwe Looks to Offload $200 Million Worth of Blood Diamonds. AZoMining. Retrieved on November 21, 2024 from https://www.azomining.com/News.aspx?newsID=4846.

  • MLA

    Scanlon, Joel. "Zimbabwe Looks to Offload $200 Million Worth of Blood Diamonds". AZoMining. 21 November 2024. <https://www.azomining.com/News.aspx?newsID=4846>.

  • Chicago

    Scanlon, Joel. "Zimbabwe Looks to Offload $200 Million Worth of Blood Diamonds". AZoMining. https://www.azomining.com/News.aspx?newsID=4846. (accessed November 21, 2024).

  • Harvard

    Scanlon, Joel. 2019. Zimbabwe Looks to Offload $200 Million Worth of Blood Diamonds. AZoMining, viewed 21 November 2024, https://www.azomining.com/News.aspx?newsID=4846.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.