An illegal logger told a reporter that he is able to make around $150 a month from illegally cutting down 10 trees in Zimbabwe.
Government officials estimate that illegal logging in the country causes several millions of dollars in lost tax revenue.
Source: “‘Illegal logging costs Zim millions of dollars’”, Standard, August 20, 2012.
Custom officials in India reported seizing 48,600 crates of conflict diamonds in Surat and Mumbai in 2011. The crates of diamonds did not have the proper Kimberly Process Certification and was believed to have been smuggled out of Zimbabwe. The diamonds were worth $1.75 Million.
Up to $1 Billion in potential diamond revenue is smuggled out of Zimbabwe each year.
10 out of 11 diamonds sold around the world are cut in India.
Source: Pradeep Thakur, “Conflict diamonds’ entry to India raises money laundering fear,” Times of India, June 26, 2012.
Up to $1 Billion in potential revenue from the extraction of diamonds in Zimbabwe was reported to be missing as of 2011, according to the country’s Finance Minister and civic leaders.
Source: “ZANU stealing diamond money: NGOs,” Zimbabwean, September 3, 2011.