Hong Kong Nabs Suspects in Major Smuggling Case

By Rapaport News / December 02, 2020 / www.diamonds.net / Article Link

RAPAPORT... Hong Kong customs officials seized 162 diamonds at a border with China last week, claiming the stones had been smuggled in a driver's trouser pocket.The goods had a market value of around HKD 6.4 million ($826,000), making it the largest diamond-smuggling case Hong Kong authorities had detected in the past three years, the Customs and Excise Department said in a statement Friday.Officers intercepted a truck at Heung Yuen Wai Control Point, a crossing between Hong Kong and Shenzhen, and arrested the 33-year-old male driver, the statement reported. They later arrested another 33-year-old man in Sham Shui Po, a neighborhood of Hong Kong, in connection with the ongoing investigation."Customs will continue to take stringent enforcement action against cross-boundary smuggling activities through risk assessment and intelligence analysis," the department continued. "Smuggling is a serious offence."The penalty for this type of crime is a fine of up to HKD 2 million ($258,000) and seven years' imprisonment, it noted.The incident comes after Chinese officials arrested 121 people in September in connection with alleged smuggling of diamonds. The suspects were accused of bringing CNY 3.88 billion (around $570 million) in goods into the country via illegal means since 2015. Image: The 162 seized diamonds. (Hong Kong Customs and Excise Department)

Recent News

Gold stocks outpace flat large caps

January 19, 2026 / www.canadianminingreport.com

TSXV gold producers' output growth for Q4/25 mixed

January 19, 2026 / www.canadianminingreport.com

Rising metals price volatility over past month

January 12, 2026 / www.canadianminingreport.com

Gold stocks surge ahead of equities on metal price gain

January 12, 2026 / www.canadianminingreport.com

Base metals outlook for 2026 opaque after decent rise last year

January 07, 2026 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok