In Vietnam, diamonds are not forever after smuggling ring bust
Investigators allege more than 30,000 stones worth over US$57 million were brought into the country over the past two years.
Source excerpt
Ho Chi Minh City’s bustling jewellery quarter has fallen unusually quiet.
Customers are not browsing for engagement rings or necklaces any more – instead they are clutching old receipts and certificates, hoping to sell diamonds they no longer trust.
The discovery of what appears to be Vietnam’s biggest-ever diamond smuggling network has rippled through the industry.
Investigators allege more than 30,000 stones worth over 1.5 trillion dong (US$57 million) were brought into the country over the past two years, hidden in luggage, shoes and clothing after being sourced in India and routed through Hong Kong.
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