Zimbabwe to sell diamonds to pay off debt: PM says

HARARE – Zimbabwe's Prime Minister Morgan Tsvangirai said on Tuesday the country will use revenue from diamond sales to repay part of its external debt amounting to $7.1 billion.\r\n

The southern African nation is facing diamond export controls for suspected human rights violations in mining of the precious stones.

"The government has so far sold diamonds worth $300 million, and the money will be used to service the debt and also to rehabilitate Zimbabwe’s faltering industry," Tsvangirai told an investment conference in Harare.