Zimbabwean Diamonds Stolen at DDE Auction

GEMKonnect

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Zimbabwean mining firm Jinan Diamond Mine’s parcel containing 54 rough diamonds was allegedly substituted with a parcel containing inferior quality diamonds at the ongoing auction of Marange stones at the Dubai Diamond Exchange (DDE).

The incident took place last Tuesday and was reported by the Zimbabwe Mail that quoted “reliable sources” in Dubai saying that the stones were later found with a buyer of Lebanese descent who had allegedly swapped one of the two Jinan gem parcels containing diamonds worth millions of dollars for an inferior gem parcel valued at a paltry $10 000.

Jinan officials only discovered the theft when discrepancies arose on the weights of the swapped parcels. Security video footage helped nab the alleged thief in his hotel room who is said to be of Lebanese origin.

Upon interrogation, the buyer was said to have confessed to stealing the diamonds, which were all recovered. The…

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