Zimbabwe to flood diamond market

Zimbabwe's president said Tuesday his nation will sell its massive reserves of diamonds despite not receiving authorization from the world's diamond control body.

A defiant President Robert Mugabe on Tuesday told lawmakers diamond sales have "huge potential" to revive the shattered economy. He said Zimbabwe can account for one-fourth of the world's diamond supply.

The Kimberley Process diamond certification scheme has not authorized international sales amid allegations of killings, human rights violations and corruption in the massive diamond fields discovered in eastern Zimbabwe in 2006. LINK