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HK uncovers US$3.2m of smuggling diamonds

8-6-2021

 

Hong Kong customs seized 1,302 undeclared diamonds weighing 0.3 carats to two carats that worth US$3.2 million from a truck they stopped for inspection at the Sha Tau Kok control point to Shenzhen last week.

 

The seizure also included 30 grams of melee diamonds, 10 blue sapphires and one fei cui, except for gold bars which worth HK$19 million worth as they had been declared as cargo.

 

Senior Superintendent Mark Woo Wai-kwan, head of the Customs and Excise Department’s syndicate crimes investigation bureau, said the diamond-smuggling bid was designed to avoid stringent import restrictions and mainland Chinese taxes. “We believe the diamonds were bound for factories across the border, where they would be turned into jewellery before being sold in the mainland market,” he added.

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