Four Diamond Traders arrested in Zimbabwe

Four diamond traders have been arrested in Zimbabwe on suspicion of engaging in illegal diamond trade. The four are accused of trading diamonds that are not certified by the Kimberly Process. The value of the diamonds, 272 in total, was said to be tens of thousands of dollars, the Times of India reported.

Zimbabwe government forces captured the four diamond traders on May 5 and charged them with possessing diamonds without proper permits. Three of the men hail from the Gujarat region of India and the fourth man is from the Democratic Republic of Congo. The four men should be released today on $1,000 bail.

The arrests have created a great stir in diamond dealers circles in India, as one of the three Indian men is rumored to be a member of a family that operates a sightholder diamond trading company in Surat, according to the Times of India. In order to become a DTC sightholder, one must pass a year-long acceptance process.

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