In Vietnam, diamonds are not forever after smuggling ring bust

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...