Diamond market turmoil forces around 30 Ho Chi Minh City businesses to suspend operations
Economy 19:01 27/07/2026Around 30 diamond businesses in Ho Chi Minh City have suspended operations since early July amid severe cash flow pressure and a surge in customers seeking to sell back diamonds, while authorities have urged consumers to remain calm and carefully consider transactions with licensed businesses.
Maker responds to fake diamond allegations over Vietnam’s $114,000 pageant crown
Vietnam Life 14:13 24/07/2026The maker behind the crown awarded at the 2023 Miss Business Global pageant has rejected allegations circulating on social media that the piece valued at VND3 billion (US$114,000) was made with fake diamonds.
Inside Hanoi’s diamond market amid smuggling concerns
In-Depth 18:39 21/07/2026Hanoi’s diamond market has remained subdued following a series of smuggling-related prosecutions involving jewelry businesses, while concerns over product quality and the reliability of diamond certificates continue to weigh on buyers.
Vietnam diamond market faces transparency crisis after smuggling scandal
Economy 14:25 17/07/2026Vietnam’s diamond market has long operated on consumer trust rather than on transparent pricing and standardized valuation, so when that trust is shaken, consumers bear the greatest risk, according to market experts.
Vietnam police charge 3 jewelry store owners in cross-border diamond smuggling investigation
Ho Chi Minh City 11:08 15/07/2026Vietnamese investigators have charged the owners of three prominent jewelry businesses, including Kim Ly, Ngoc Tam, and Ngoc Chau Au, in Ho Chi Minh City, following an expanded probe into a transnational diamond smuggling network allegedly operated by Indian nationals from Hong Kong.
Vietnamese jeweler PNJ comes under pressure after ex-subsidiary chief charged in transnational diamond smuggling case
Economy 13:27 04/07/2026Vietnamese jewelry retailer Phu Nhuan Jewelry JSC (PNJ) came under pressure on Friday after police charged the former head of its gem certification subsidiary in a transnational diamond smuggling case.
Vietnam police charge 22 in transnational diamond smuggling ring led by Indian, seize 1,100 diamonds
Vietnam News 22:25 03/07/2026Vietnamese police have charged 22 people over an alleged transnational diamond smuggling ring and seized 1,100 diamonds, authorities in Thanh Hoa Province said on Thursday, adding that the network generated an estimated VND280 billion (US$10.65 million) in sales.
Mellon Blue diamond sells for $25.6 million
World 10:40 12/11/2025GENEVA -- The Mellon Blue, a 9.51-carat fancy vivid blue diamond formerly owned by the US art collector Bunny Mellon, sold for $25.6 million at auction on Tuesday.
Diamond ring lost at Da Nang beach returned to Australian tourist
Travel 12:30 02/08/2025An Australian tourist whose daughter lost a diamond ring at a beach in Da Nang had it returned thanks to the efforts of local beach management staff, the Son Tra Peninsula and Da Nang tourist beaches management board confirmed on Friday.
Da Nang woman chases garbage truck to recover bag of diamond rings worth $39,900
Vietnam News 19:39 30/01/2025Her daughter, who had just returned from overseas education, mistakenly threw a bag containing several diamond rings
Airport sanitation worker in southern Vietnam returns lost diamond
Travel 13:01 21/11/2023The diamond is worth VND550 million (US$22,650)
Bleu Royal diamond rakes in nearly $44 mn at Geneva auction
World 09:07 08/11/2023Weighing 17.61 carats, the Bleu Royal is the largest internally flawless fancy vivid blue gem ever to appear for sale in auction history