Chinese Police Seize $6m of Smuggled Diamonds

By John Jeffay / April 21, 2021 / www.idexonline.com / Article Link

(IDEX Online) -  Chinese police have seized diamonds worth over $6.1m and arrested 20 people suspected of smuggling them onto the mainland through Hong Kong.The customs' anti-smuggling bureau say 84 loose diamonds, 252 diamond items and more than 100 packages of smaller diamonds were hidden among goods being imported to the country.Officers believe gang members have been buying gems from foreign websites since last July and smuggling them into the mainland, undeclared, to avoid paying tax.Twenty task forces were sent to arrest suspects in Shanghai, Beijing and Guangdong and elsewhere on 15 April, according to Chinese media. Inquiries are continuing.Generic pic of loose diamonds

Recent News

Bullish bankers and bearish institutions split on gold forecasts

July 01, 2024 / www.canadianminingreport.com

Gold stocks down on flat metal price and mixed equities

July 01, 2024 / www.canadianminingreport.com

Snowline Gold reports Initial Resource Estimate

June 24, 2024 / www.canadianminingreport.com

Inflation subsiding and rate cuts starting internationally

June 24, 2024 / www.canadianminingreport.com

Inflation rebound continues to reverse

June 17, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok