Wednesday, 19 April 2023

$1m worth of diamonds seized in Grand Bazaar


Istanbul Police, Tuesday, seized unprocessed raw diamonds with a market value of TL 20 million ($1 million), estimated to be 61.38 carats, during an operation in the Grand Bazaar – one of the historical trade centers of Istanbul, local Turkish media reports.

According to the report, the Istanbul Police Department and the Department of Combating Financial Crimes received information about the smuggling of diamonds in the historic Grand Bazaar, Istanbul.

They detained four foreign national suspects, the report added.

It was determined that the seized diamonds were brought to Turkey illegally, via Africa.

Source: DCLA

No comments:

Post a Comment

Russia to continue buying diamonds through state fund in 2025

Russia will continue to buy diamonds through a state fund in 2025 in order to support the diamond industry and market, Deputy Finance Minist...