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?
- Media Watch: Psychology Today looks at why we give diamond engagement rings. New report on Venezuela diamond smuggling that flouts Kimberley.