Buying diamonds loose can be an appealing option for cost-conscious diamond consumers. Rather than buying the stone prefabricated into a setting or piece of.
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Street level drug dealers are sometimes paid with diamonds from buyers instead of cash, and they then exchange the diamonds for gold bars at jewelry stores. Step by Step Guide to Choosing a Diamond. Click here to cancel reply. Disclosure: We generate revenue from some diamond vendors through the links on this site. Your cost basis is lower so it will be easier to recoup your money if you need to sell on the open market and the retailers give you options for returning and upgrading so you retain full value for the ring. According to the Report, the illegal diamond trade is funded by banks although the report does not say so, the funding by banks is no doubt unwitting and other financial firms that fail to apply special client ID procedures to business people who own diamond businesses. Reviews from our Customers. Items You Can Sell. Thank you for your help. There are checks and balances in place that diamonds money
make it extremely risky for a dealer to sneak something in illegally. The report said that Canada has identified cases of diamond trading being used not just for money laundering but also to finance terrorism through jewelry businesses in Canada.