Zimbabwe's President Robert Mugabe has accused the country's diamond miners of robbing the country of its wealth and has therefore announced that the state would take control of all diamond operations, Reuters news agency is reporting.
The government had already ordered all mining to stop at the Marange diamond fields over licensing issues, Reuters adds.
"Companies that have been mining diamonds have robbed us of our wealth. That is why we have now said the state must have a monopoly," Mr Mugabe said in a television interview quoted by Reuters.
Zimbabwe is one of the world's top diamond producers and the stones are an important source of foreign exchange for the country.
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