Smuggler found with 129 diamonds in his socks, the psychological reasons why people buy diamonds, and other stories on the industry’s radar this week:
- Brussels airport diamond robbery “veers from thriller to comedy.” Member of “Pink Panther” gang arrested near Paris.
- Rising fear of defaults in India. Banks seek additional guarantees from diamond companies. Rupee’s fall leaves 25,000 workers jobless. Can Winsome Diamonds come back?
- South Africa’s diamond industry falls behind Botswana’s. Botswana set to auction diamonds at home.
- Media Watch: Psychology Today looks at why we give diamond engagement rings. New report on Venezuela diamond smuggling that flouts Kimberley.
- Woman loses weight for diamond ring bribe. Smuggler found with 129 diamonds in his socks.
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