Cde Mugabe spoke while touring diamond mines in Chiadzwa, Manicaland province on Monday.
The President, who was on his maiden visit to the diamond mines, said despite the illegal sanctions, Zimbabwe has its own resources which will be used to benefit its people.
“It is my virgin visit….I wanted to establish 2 things, first to have a rough knowledge of the diamond world and to establish how companies here were given licences to operate and I am satisfied with what I saw,” he said.
Five companies are operating in Chiadzwa and these include Mbada, which employs 600 locals and Ajin which has 850 workers.
Ajin has already mined some diamonds which are in stock but waiting for the Kimberly Processing Companyâ€™s certification.
President Mugabe told journalists that he is aware that there are those who wish to punish this country through sanctions, but said the diamonds are God-given resources for Zimbabweans.
He said: “The diamonds are ours, the resources belongs to us and nobody can deny us. They (the west) would want some other people to own our resources, but these are God-given. Sanctions have been nulified by the resources (diamonds) which are a big economic punch against anyone.”
The President was accompanied by the Minister of Defence, Cde Emmerson Mnangagwa, service chiefs and government officials.